Scott Bessent has declared that the US housing market is currently in a “recession,” attributing this downturn to the Federal ...

Treasury Secretary Scott Bessent said the U.S. housing market is in a recession due to high interest rates, and repeated his ...

Demand has shrunk in recent months because of ongoing affordability issues keeping homebuyers to the sidelines of the market, ...

Parts of the U.S. economy, particularly housing, may already be in recession because of high interest rates, U.S. Treasury Secretary Scott Bessent said Sunday, repeating his call for the Federal ...

By Andrea Shalal (Reuters) -Parts of the U.S. economy, particularly housing, may already be in recession because of high ...

Treasury Secretary Scott Bessent pointed out Sunday on CNN’s “State of the Union” the administration’s cutback on government ...