Saralnama10 national emergencies have been declared by US President Donald Trump in his second term. He may now announce a national housing emergency this fall. Treasury Secretary Scott Bessent shared this information with Washington Examiner. It would be the first such emergency since the 2008 financial crisis. The US faces a housing shortage of up to 4 million homes. High rents, interest rates, and labor shortages have worsened the crisis. Bessent suggested rate cuts and policy changes to boost housing supply. Trump might consider tariff exemptions on some construction materials. He plans to make housing affordability a key issue for the 2026 mid-term elections. (Updated 2 Sep 2025, 23:37 IST; source: link)
Key Points
- 10 national emergencies have been declared by US President Donald Trump in his second term
- He may now announce a national housing emergency this fall
- Treasury Secretary Scott Bessent shared this information with Washington Examiner