Treasury Secretary Scott Bessent attempted to explain President Donald Trump’s latest bid to make housing more affordable, but ended up stirring confusion instead.
Bessent, 63, joined Fox News’ Laura Ingraham, 62, on Thursday night to discuss Trump’s new order directing “representatives” to purchase $200 billion in mortgage bonds in an effort to bring mortgage rates down and make housing more affordable.
The 79-year-old president claimed in a Truth Social post that Fannie Mae and Freddie Mac are padded with billions of dollars in cash thanks to his decision not to sell the government-owned companies during his first term.
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