Bessent Pushes Housing Legislation, Divides Republicans
US News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Scott Bessent, a key advisor to President-elect Trump, urged House Republicans to lead on housing legislation, warning against Democratic agenda-setting. He later supported the White House stance by advocating for swift passage of a bipartisan Senate bill aimed at boosting homeownership. The measure targets big investors grip on single-family homes, including build-to-rent developments, and has faced industry pushback due to potential disruptions in financing and reduced new housing supply. Republicans display divisions on the investor crackdown, with some dismissing talk of Democratic wins and others seeking time to study the Senate text. The housing crunch, blamed on Wall Street buyers and too few new homes, remains a contentious issue as lawmakers continue to debate affordability.
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