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And former racing champ Mario Andretti shares early ideas for his new Formula 1 team. The much-anticipated decision comes after a yearlong saga marked by drama and bitter tensions between F1 and Andretti Global, led by former world champion Mario Andretti. Sahil Kapur, an NBC News senior politics reporter and F1 enthusiast, spoke exclusively to Mario Andretti about his ambitions for the new team. The one thing Mario, America’s last former F1 champion, hasn’t done is build an F1 team. Read more about Sahil’s exclusive interview with Mario Andretti.
Persons: Donald Trump’s, Roe, Wade, Mario Andretti, Donald Trump, Matt Gaetz, Gaetz, Tulsi Gabbard, Trump, Pete Hegseth, Robert F, Kennedy Jr, They’ll, JD Vance, ’ outspokenness, Sen, Susan Collins, John Thune of, Mitch McConnell, Xinyue Chen, Aria Bendix, Mario Andretti’s, Gary Mook, Sahil Kapur, 🏎️, rama, astation in Organizations: Republicans, Justice Department, Senate Republicans, Senators, Republican, Trump, NBC, Guttmacher Institute, Indianapolis, Indianapolis Star, USA, GM, Cadillac, Andretti Global, NBC News Locations: Washington, Russia, Maine, John Thune of South Dakota, U.S, Illinois, Dutch
CNN —With plenty of sunshine, beautiful beaches and a slow-paced lifestyle, it’s little wonder that Southern Italy is such a sought-after vacation destination, with most visitors looking back wistfully over their stay as they finally head home. The Baroque “jewel” of Southern Italy, full of elegant palazzos and cozy piazzas, bewitched her. Blackmon had previously gained experience of life in Northern Italy, all thanks to a Hollywood movie. Courtesy Michele BlackmonHowever, for Blackmon, Florence represented an extension of her lavish LA lifestyle, with the high prices to match. Now, having established her new life in Lecce, she says she’s still dabbling as a lifestyle consultant, helping foreigners who want to relocate to Southern Italy.
Persons: Michele Blackmon, Blackmon, , Covid, ” Blackmon, I’m, ‘ Florence, Einstein, , she’s, ’ Blackmon, Florence, She’s, Villa, it’s, Florentine, Italy, pinches Organizations: CNN, Lecce, Yorkshire, Sun, Villa Regina Locations: Southern Italy, Los Angeles, Italy’s Puglia, Lecce, Italy, Florence, Puglia, , United States, Northern Italy, LA, , Blackmon
Former Formula 1 world champion Mario Andretti will be a director on the board of the newly approved Cadillac F1 team, which puts a famous American car maker with racing partner Andretti Global on the grid in 2026. An elated Mario Andretti spoke to NBC News about achieving his dream and his role in the new team: advising on driver selection and the technical side. Do you know when this team is going to become a “works” team with its own power unit? For F1’s U.S. audience, this is a huge deal — finally an American car manufacturer and a well-known racing team Andretti. Ten teams seems a lot, but there’s a lot more drivers, lot more talent out there.
Persons: Mario Andretti, Andretti, Dan Towriss, Michael Andretti, Ferrari, , Mario, You’ll, Niki Lauda, Mercedes, Michael, That’s, wasn’t, Ferrari —, it’s Mercedes, We’re, that’s, you’re, , Colton Herta, — he’s, we’re, Valtteri Bottas, Liam Lawson, it’d Organizations: Cadillac, Andretti Global, Andretti, GM, NBC News, Olympics, Ferrari Locations: American, Italy, Las Vegas
“He left South Africa and resettled in the United States in 1966,” it ends, before listing his survivors. The image, taken by South African photographer Ernest Cole, is one of thousands taken during his time in exile in the United States. Not looking for an impression but authenticity, he cast the American actor over a South African. Courtesy Magnolia PicturesIn the film, Cole despairs, “exile is destroying us one by one.”“You leave your country heartbroken,” the director said. Inside were around 60,000 Cole negatives, spanning South Africa and the US, plus his notes and contact sheets.
Persons: Ernest Cole, Cole, Nelson Mandela, Cole’s, , , Muhammad, Raoul Peck, LaKeith Stanfield, “ Ernest Cole, Peck, James Baldwin, Patrice Lumumba, , Stanfield, it’s, Magnolia Pictures Cole, Jim Crow, ” Peck bristled, It’s, ” –, Hébert B, Peck – “, Cole despairs, I’ve, Leslie Matlaisane, Ernest Cole Family, SEB, Organizations: CNN, New York Times, , Islam, Cannes Film, Aperture, Democratic, Magnolia, Magnolia Pictures, Ford Foundation, Liberal, ANC, African National Congress, SWAPO, Ernest Cole Family Trust Locations: Manhattan , New York, South Africa, South, United States, New York City, African, Haitian, American, Democratic Republic of Congo, DRC, Pretoria, New York, Harlem, Black America, Haiti, France, Berlin, Brazil, Nicaragua, , York City, , Africa, Sweden, America, Swedish,
Meet Josh Mankiewicz, Correspondent for Deadly Mirage
  + stars: | 2024-11-26 | by ( Dateline Nbc | ) www.nbcnews.com   time to read: +2 min
Josh Mankiewicz is a correspondent for Dateline NBC, the longest running primetime show in NBC history. Since 2020, Mankiewicz has reported the #1 podcasts Dateline: Missing in America, Motive for Murder, Internal Affairs, and Mortal Sin. Prior to joining Dateline, Mankiewicz served as a correspondent for Fox Broadcasting Company’s newsmagazine Front Page. Before he joined Fox Broadcasting, Mankiewicz was a political reporter for KCAL-TV, Los Angeles from 1991 to 1993. Mankiewicz also worked as political correspondent for WCBS-TV, New York where he covered local, state and national elections from 1986 to 1991.
Persons: Josh Mankiewicz, Mankiewicz, Simpson bronco, Jon Benet Ramsey, David Brinkley, Kennedy, Connally, Mondale, Janet Cooke Organizations: Dateline NBC, NBC, Motive, Internal Affairs, Dateline, Broadcasting & Cable Hall of Fame, Fox Broadcasting, WCBS, ABC News, Morning, ABC, ABC News Washington, WJLA, D.C, Washington Star, Washington Post Locations: America, Jonestown, Los Angeles, , New York, Miami, Florida, Beirut, Israel, El Salvador, Nicaragua, Washington
President-elect Donald Trump on Monday said his incoming administration would slap new tariffs on imported goods from Mexico, Canada and China, solidifying a key campaign promise that could have a major impact on trade. Trump said that he would also seek to impose additional tariffs on China. Mexico and Canada are the United States’ top two trading partners, accounting for nearly 30% of trade volumes. Embassies for Canada, China and Mexico did not immediately respond to requests for comment on Monday night. The tariffs floated by Trump would upend one of the biggest economic deals of his first term.
Persons: Donald Trump, Trump, Joe Biden, Xi Jinping, Biden, Kamala Harris, ” Trump, Harris, Trump's, Arturo Sarukhan Organizations: Monday, United, United States ’, Democratic, Trump, Capitol, NBC News, National Retail Federation, CNBC Locations: Mexico, Canada, China, United States, United States of America, U.S, California
The Goldman Sachs analysis also described Trump’s tariff announcement as “more reminiscent of the first Trump administration, when such tariffs were announced as a negotiating tactic.” Trump ultimately declined to impose some of his proposed tariffs. The unprecedented policy required migrants to stay in Mexico for the duration of their immigration proceedings in the United States. On the campaign trail, he frequently pledged to use tariffs as a negotiating tool to bend China and North American countries’ policies to his will. His advisers have acknowledged privately that tariffs could be more urgently slapped on Canada and Mexico, as Trump seeks to fulfill his campaign pledge to renegotiate his own free trade agreement. But Lutnick added that Trump wouldn’t seek to slap price-raising tariffs on goods that aren’t made in the United States.
Persons: Donald Trump’s, , , Goldman Sachs, Matt Priest, Trump’s, Trump, ” Trump, Stephen Miller, Mike Pence, Claudia Sheinbaum, ” Sheinbaum, Joe Biden’s, , Howard Lutnick, Lutnick, aren’t, ” Lutnick, it’s, CNN’s Matt Egan, David Goldman Organizations: CNN, Trump, Footwear Distributors, Retailers of America, General Motors, Stellantis, Ford Motor Company, North American Free Trade, Detroit Economic, CNBC Locations: Mexico, Canada, China, United States, North, America, , Washington, Mexican
AdvertisementTrump's second term may not bode well for Chinese fast-fashion brands in the US. Gen Z-favorite brands like Shein and Temu will likely be hit hard by such tariffs. Donald Trump's victory in the presidential election could spell trouble for Chinese fast-fashion brands, particularly Gen Z-favorite budget brands like Shein and Temu. While campaigning this year, Trump said he would impose tariffs of 60% or higher taxes on Chinese products. AdvertisementAnd while Shein has become synonymous with fast fashion produced in China, it's facing rising competition from Temu.
Persons: bode, Gen, Temu, Donald Trump's, Trump, Liu Pengyu, PDD, David Jacks, Jacks, Lei Chen, PDD's, Jeffrey Towson, Emily Pfeiffer, Forrester, Pfeiffer, Jacob Cooke, Vox, Shein, Biden Organizations: National Retail Federation, Singapore's Yale, NUS College, TechMoat Consulting, Towson, Amazon, Bloomberg Locations: China, Bangladesh, Morocco, Temu
Trump selects Jamieson Greer as U.S. trade representative
  + stars: | 2024-11-26 | by ( ) www.cnbc.com   time to read: +1 min
U.S. President-elect Donald Trump tapped attorney Jamieson Greer on Tuesday to serve as the U.S. Trade Representative, a pick that will play an important role in the Republican's agenda to remake the international trading environment through tariffs. Greer, an attorney who has practiced international trade law, served as chief of staff to the USTR Robert Lighthizer during the first Trump administration. Trump said Greer's efforts under Lighthizer helped reverse decades of "disastrous trade policies." His focus, if confirmed by the U.S. Senate, will be to rein in the trade deficit and open up "export markets everywhere," among other things, Trump said. Lutnick will have "direct responsibility" for the Office of the U.S. Trade Representative, he said last week.
Persons: Donald Trump, Jamieson Greer, Jamieson, Trump, Greer, Robert Lighthizer, Lighthizer, Howard Lutnick, Lutnick Organizations: U.S . Trade Representative, USMCA, American Workers, U.S . Senate Locations: China
AdvertisementWhen I moved from England to Florida 12 years ago, I found a few aspects of my new life strange. Twelve years ago, I married my American husband and moved from York, England, to Florida. AdvertisementHowever, now that I've been here for a while, I've grown to love many of the things I once found odd. Here are five aspects of life in Florida that I've grown to love. Related storiesThe elaborate outdoor seasonal decor caught my attentionI've grown to love elaborate holiday displays.
Persons: I've, I'm, Carol Yepes Organizations: Sunshine Locations: England, Florida, York, Canada, Europe, New England
Hong Kong CNN —Hong Kong has become a center for money laundering and sanctions evasion under the tightening grip of Beijing, US lawmakers have warned, calling for a re-evaluation of America’s close business relationship with the Asian financial hub. “We must now question whether longstanding US policy towards Hong Kong, particularly towards its financial and banking sector, is appropriate,” they added. Rubio, a fierce critic of Beijing’s crackdown on Hong Kong, has sponsored legislation that sanctioned Chinese and Hong Kong officials for alleged human rights violations in the city. This has massive implications for US businesses with big exposure to Hong Kong,” Fish said. “Sadly, the idea of Hong Kong as autonomous from China is now a farce … US companies need to understand that their Hong Kong operations will likely fall under increased scrutiny.”
Persons: Janet Yellen, , , Donald Trump, Hong Kong, John Moolenaar, Raja Krishnamoorthi, Trump, Marco Rubio, Rubio, Scott Bessent, Isaac Stone Fish, Bessent –, ” Fish Organizations: Hong Kong CNN, CNN, US Treasury Department, Hong, European Union, Treasury Department, Republican Rep, White, US Locations: Hong Kong, Beijing, China, Washington, Hong, Russia, North Korea, People’s Republic of China, Iran, Ukraine, Russian, United Kingdom
She thought leaving the US to relocate to El Salvador was the change of pace she needed. I decided to return to my rootsWhile relocating to El Salvador, full-time would be new to me, visiting was not. I wasn't monetized on TikTok at the time, so my income while living in El Salvador came from finding freelance gigs. I earned around $35,000 in one year of freelancing, which was enough to live comfortably in El Salvador. Connecting with the community in El Salvador helped me feel reconnected to my purpose, and in my current position, I'm also helping assist my fellow community members.
Persons: Analucy Benavides, I'm Organizations: Día de, El, Maryland Locations: El Salvador, Maryland, United States, Central American, Día de Los, TikTok
A key challenge for all of the Trump administration’s new public health leaders, the experts said, will be keeping politics out of science. CNN has reached out to Nesheiwat and Makary for comment and did not receive a response. Some said that could put them at odds with Kennedy, whom Trump has chosen for the nation’s top health post as HHS secretary. It doesn’t seem that he has much experience working in the field of public health,” said Castrucci, an epidemiologist who is president and CEO of the de Beaumont Foundation, a nonprofit focused on strengthening the US public health system. The US surgeon general typically serves as the voice of the administration’s public health policy while promoting their own agenda of issues that they feel are important to the health of American people.
Persons: Donald Trump’s, Johns Hopkins, CNN —, Janette Nesheiwat, David Weldon, Marty Makary, Makary, Robert F, Kennedy Jr, Weldon, Trump’s, Katie Miller, Trump, Mr, Kennedy, ’ Dr, Ashish Jha, Joe Biden, Jha, , ” Jha, “ There’s, ” Weldon, ” Dr, Jerome Adams, Weldon’s, ” Adams, Peter Hotez, ” Hotez, “ That’s, , Jennifer Nuzzo, Amesh, ” Adalja, Brian Castrucci, he’s, there’s, That’s, ” Castrucci, Paul Offit, Weldon “, you’d, Offit, ” Offit, hasn’t, Hotez, Nesheiwat, Dr, Sanjay Gupta, CNN’s Kaitlan Collins, ” Nuzzo, CNN’s Jacqueline Howard, Brenda Goodman, Meg Tirrell Organizations: CNN, Fox News, US Centers for Disease Control, US Food and Drug Administration, Public, FDA, US Department of Health, Human Services, CDC, Trump, HHS, Brown University’s School of Public Health, White, US Public Health Service, Texas Children’s, Covid, Pandemic, Brown University School of Public Health, Johns Hopkins Center for Health Security, , de, Foundation, Assurance, Agency for Vaccine, Disease Control, Vaccine Education, Children’s Hospital of Philadelphia, Weldon, Studies, CNN Health, Kennedy’s, RFK Jr, Health Locations: New York, Florida, Weldon, Texas, Tampa, CDC’s
Enten explains how American’s view tariffs
  + stars: | 2024-11-26 | by ( Sarah Jorgensen | ) edition.cnn.com   time to read: 1 min
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Police, reporters and curious onlookers soon flooded the neighborhood as audiences started following the highly publicized case that ended in 1996 with brothers Erik and Lyle Menendez receiving life sentences for the murder of their parents. The Beverly Hills Police Department told CNN they responded to 16 calls to the location in October for traffic complaints regarding tour buses and vans, as well as incidents of trespassing and noise. "Monsters: The Lyle And Erik Menendez Story" starred Cooper Koch as Erik Menendez and Nicholas Chavez as Lyle Menendez. Aside from faint memories of the brothers practicing tennis overnight and offering tennis lessons to kids in the neighborhood, Josh said the years have worn the brothers and trial out of his memory. “If the Menendez brothers case leads to a resentencing, there’s encouragement to continue this type of fandom, too,” he said.
Persons: Josh, didn’t, Jose, Kitty Menendez, Erik, Lyle Menendez, Menendez, , ” Josh, I’m, , Ryan Murphy’s, Lyle, Erik Menendez, Adam Golub, Jeffrey Dahmer, John Wayne Gacy, Cooper Koch, Nicholas Chavez, Miles Crist, Netflix “, , Golub, who’s, they’ve Organizations: CNN, Police, Milli, California State University, Fullerton, Beverly Hills Police Department, Netflix Locations: Beverly Hills, Argentina, Colombia, Guatemala, Sweden, Golub
She usually shopped at Publix, but in 2021, when inflation was sending grocery prices soaring, her curiosity got the better of her. AdvertisementAs grocery prices have jumped by double digits over the past few years, people have felt the sting. So how did a German grocery chain find such a ravenous following in America? For comparison, about 20% of groceries sold in the US last year were store brands, according to the Food Marketing Institute. He expects to see even more Aldi stores opening.
Persons: Julie Herron, Herron, Theo, Karl Albrecht, Aldi, wasn't, Oscar Mayer, Gen Z, Scott Patton, Patton, Joe's, there's, Phil Lempert, She's, Lempert, it's, Dunnhumby, Zak Stambor, I'm, Trump, Jason Hart, they'll, Alex Bitter Organizations: Aldi, Kroger, Foods, Iowa City, Employees, Bank of America, Food Marketing Institute, Aldi USA, Costco, Facebook, Southeastern Grocers, Winn, EMARKETER, Business, Walmart Locations: Nashville, Aldi, Euromonitor, America, Germany, Iowa City , Iowa, Charlotte , North Carolina, Wisconsin, Florida, Washington and Colorado, Illinois
Other companies that withdrew or toned down their DEI initiatives include Lowe's and Ford. Tech companies such as Microsoft, Meta, and Zoom cut DEI programs this year, Business Insider reported in July, and law firms, including Winston & Strawn, faced lawsuits for affirmative action. The Human Rights Campaign slammed companies' DEI rollbacks in an August statement to BI. Advertisement"Decisions to cut DEI initiatives send a clear signal to employees that their employers simply don't care about equality in the workplace. Here are how some companies have cut their DEI programs.
Persons: Robby Starbuck, Jill Kramer, Strawn, Starbuck, Eric Bloem Organizations: Walmart, Ford, Accenture, Tech, Microsoft, Meta, Business, Winston, Washington Post, Rights
The US Department of Commerce announced the grant, part of the CHIPS Act, on Tuesday. President-elect Donald Trump has criticized the CHIPS Act in favor of tariffs. Intel is receiving about $7.9 billion in federal grants, the US Department of Commerce said Tuesday, as the Biden administration finalizes CHIPS Act agreements ahead of Donald Trump taking office. President-elect Trump has previously criticized the CHIPS Act and suggested he would prefer tariffs to incentivize semiconductor manufacturing on US soil. The CHIPS Act cash will help Intel boost its semiconductor production in the US.
Persons: Biden, Donald Trump, Joe Biden's, Trump, Gina Raimondo, Pat Gelsinger Organizations: Intel, US Department of Commerce, Department of Commerce, New York Times, Bloomberg, Street, Qualcomm Locations: Arizona , New Mexico , Ohio, Oregon
While leaders of the two nations continue to butt heads, US consumers have paid the price, shelling out more money on goods imported from China. Now Trump is focusing his attention on America’s largest and third-largest trading partners: Mexico and Canada. The 25% tariff Trump floated would have “huge impacts” on gas prices, amounting to an increase between 25 cents to 75 cents per gallon, he said. Said differently, your guac and avocado toast could skyrocket if 25% tariffs are levied on Mexico. Bottom line: It’s going to hurtThe new round of tariffs Trump is prepared to impose comes as the US has grown increasingly reliant on imports from Mexico and Canada.
Persons: Donald Trump’s, Trump, Joe Biden, Brace, Todd Korol, ” Patrick De Haan, Ulises Ruiz, Said, Maurico Palos, tariffs Trump, That’s Organizations: New, New York CNN, Trump, Gas, US Energy Information Administration, Rockies, Produce, Commerce Department, AFP, Getty, United, United Nations ’, General Motors, Ford, General Motors Co, Silao, Bloomberg Locations: New York, America, China, Mexico, Canada, West Coast, Kindersley , Saskatchewan, Great Lakes, Midwest, United States, Cerritos, Ciudad Guzman, Jalisco, Silao, Guanajuato
CNN —Airlines have pocketed billions of dollars in so-called “junk fees” by charging customers extra to select a seat or to carry on bags, according to a Senate subcommittee report published on Tuesday. The report said some airlines have even paid workers cash incentives to identify customers trying to avoid fees for carry-on bags. The report, from the Senate Permanent Subcommittee on Investigations, said that in 2023, United Airlines charged as much as $319 for an extra legroom seat, Spirit Airlines charged as much as $299, Delta Air Lines charged as much as $264, Frontier Airlines charged $141 and American Airlines charged as much as $140. “The subcommittee clearly lacks appreciation for the fact that air travel today is democratized, allowing Americans across all income levels to fly. Today, because of the revolution in air travel, nearly ninety percent of Americans have flown.
Persons: , Biden, Pete Buttigieg, Organizations: CNN — Airlines, Investigations, United Airlines, Spirit Airlines, Delta Air Lines, Frontier Airlines, American Airlines, Biden Administration, Department of Transportation, Frontier, ” Frontier, CNN, Airlines, Industry, America, Locations: , Delta, United
Trump Selects Jamieson Greer as Trade Representative
  + stars: | 2024-11-26 | by ( Ana Swanson | ) www.nytimes.com   time to read: +1 min
President-elect Donald J. Trump on Tuesday picked Jamieson Greer, a lawyer and former Trump official, to serve as his top trade negotiator. Mr. Greer is a partner in international trade at the law firm King & Spalding. During Mr. Trump’s first term, Mr. Greer served as chief of staff to Robert E. Lighthizer, the trade representative at the time. Before that, Mr. Greer served in the Air Force, where he was a lawyer who prosecuted and defended U.S. airmen in criminal investigations. “Jamieson will focus the Office of the U.S. Trade Representative on reining in the Country’s massive Trade Deficit, defending American Manufacturing, Agriculture, and Services, and opening up Export Markets everywhere,” Mr. Trump said.
Persons: Donald J, Trump, Jamieson Greer, Trump’s, Greer, Robert E, “ Jamieson, Mr Organizations: Trump, King, Spalding, North American Free, Air Force, U.S . Trade, reining, Manufacturing, Agriculture, Services Locations: China, Canada, Mexico, Iraq
AdvertisementDuring his first term, Trump threatened tariffs while renegotiating trade with Mexico and Canada. Scott Bessent, Trump's pick for Treasury secretary, has called tariffs a "negotiating tool." In June of 2019, Trump threatened tariffs against Mexico if the country didn't alter its immigration system, which it eventually did. While financial analysts are taking Trump's threats seriously, some banking leaders seem to think that Trump's most recent tariff threat is a continuation of his prior negotiation tactic. Advertisement"This is President Trump's negotiating style: step one, punch in the face, step two, let's negotiate," Kieran Calder, the head of equity research for Asia at Union Bancaire Privée, said, according to Bloomberg.
Persons: Trump, Scott Bessent, Donald Trump, Robert Lawrence, Lawrence, Mark Blyth, Blyth, He's, he's, Trump's, Kieran Calder, Union Bancaire Privée, — Trump, Luis Costa Organizations: Biden, Peterson Institute for International Economics, European Union, American Free Trade, Brown University, White, Brookings Institute, NAFTA, Union Bancaire, Bloomberg, UBS, Citi Bank, Trump Locations: Mexico, Canada, Asia, China
The new Mate 70 smartphone, which starts at 5,499 yuan ($760), features the HarmonyOS Next operating system, which no longer supports Android-based apps. The Mate 70 represents a “critical step” in Huawei’s software evolution, Lucas Zhong, research analyst at Canalys, told CNN. The shift away from the Android ecosystem “will be essential for Huawei to maintain momentum in the premium segment, solidify consumer loyalty, and attract potential platform switchers,” he said. Major Chinese tech companies have reportedly gotten on board, hiring developers to create compatible apps. “If no one uses it, no matter how advanced the operating system is, it will have no value,” he said, according to a Wechat post.
Persons: ” Richard Yu, Lucas Zhong, , Canalys, Eric Xu, Xu, Mengmeng Zhang Organizations: Hong Kong CNN, Huawei, Washington, CNN, Counterpoint Research Locations: China, Hong Kong, United States
AdvertisementPresident-elect Trump plans to levy 25% tariffs on goods from Canada and Mexico, he said Monday. These tariffs could include vehicles imported into the US. President-elect Donald Trump on Monday announced plans to enact 25% tariffs on goods made in Canada and Mexico when he takes office in January. Mexico alone exports more than 2.3 million cars a year to the US, according to Commerce Department data. AdvertisementInformation from the National Highway Traffic Safety Administration shows that several dozen vehicles made in Canada and Mexico are currently sold in the US.
Persons: Trump, Donald Trump, , Here's Organizations: Monday, Canada isn't, Biden, Commerce Department, Ford, GM, Nissan, Walmart, Honda, American, Policy Council, General Motors, Toyota, National, Traffic Safety Administration Locations: Canada, Mexico
Donald Trump ran on the promise of steep government budget cuts, and some industry experts believe money flowing toward HUD could be on the chopping block. The housing agency provides rental assistance for low-income households, administers mortgage insurance to prospective homeowners and enforces fair housing law. During Trump’s first term, his office repeatedly sought to make steep cuts to HUD’s budget, though they never passed Congress. If Trump successfully implements budget cuts “there will be longer waiting lists for housing vouchers. Liz Osborn, the vice president of policy at Enterprise Community Partners, a nonprofit focused on home access and affordability, said that HUD budget cuts in Trump’s second term aren’t a guarantee, though.
Persons: Scott Turner, Donald Trump, , Bob Greenstein, Turner, Ben Carson, Trump’s, Carl Harris, ” Harris, Bob Broeksmit, Broeksmit, Trump, Ginnie Mae, ” Broeksmit, Elon Musk, Vivek Ramaswamy, that’s, Howard Husock, Biden, ” Husock, Husock, Liz Osborn, , ” Osborn, ” Turner, ” Trump, JPMorgan Chase Organizations: CNN, Department of Housing, Urban Development, Brookings Institution, NFL, National Association of Home Builders, HUD, Mortgage Bankers Association, Federal Housing Administration, “ Department, Government, American Enterprise Institute, Enterprise Community Partners, White, Economic, Scott’s, Urban Institute, JPMorgan Locations: America, Trump’s
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