March 17, 2017
- In response to the Trump Administration’s preliminary budget plan, several Democratic Senators denounced potential cuts to HUD that would drastically undermine its programs. In a letter to HUD Secretary Ben Carson, the lawmakers called the budget reductions being considered “unconscionable” and warned that they could pose health risks to residents of HUD-assisted housing.
- The Federal Reserve just announced the first interest rate hike of 2017, and the second rate hike in three months. The Federal Open Market Committee concluded its meeting with the announcement that the Fed will raise interest rates by 25 basis points to a range between 0.75% to 1%.