Reuters says new budget might put housing assistance at risk

housingBy Kelsey Ramírez | Housing Wire

President Donald Trump and Congress are considering policies which would include a massive tax cut and increased military spending, a dozen congressional aides told Reuters according to an article by James Oliphant.

So where would more money come from, if taxes aren’t being raised?

According to the article, the new budget focus could put housing assistance provided by the U.S. Department of Housing and Urban Development at risk.

From the article:

While the White House has not been specific about its plans for HUD — the budget process remains in flux — it has called for a $54 billion cut in non-military discretionary domestic programs in the next fiscal year, which likely will dramatically impact safety-net programs that are not entitlements such as Medicare and Social Security, budget experts said.


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