Trump may declare 'housing emergency' in bid to boost GOP for 2026 midterms

Treasury Secretary Scott Bessent revealed Monday that Donald Trump is weighing a declaration of a “national housing emergency” this fall, a move critics say is aimed less at solving the affordability crisis than at boosting GOP chances in the 2026 midterms. The Trump administration has faced backlash for slashing food and health programs through his “One Big Beautiful Bill Act,” and observers warn this latest maneuver looks like political theater as home prices soar far beyond wages.

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