In the News

Title

Reactions to Trump’s Budget in Reverse Mortgages and Beyond

Document Type

Article

Publication Date

3-19-2017

Abstract

Almost as soon as President Trump unveiled his proposed fiscal year 2018 budget — which would excise $54 billion in funding from most federal programs and funnel it into the military and the Department of Homeland Security — strong reactions from both sides of the aisle and various sectors of the business world flooded the media.

Treasury Secretary Steve Mnuchin, whose department would see a 4.1% cut from the fiscal year 2017 budget if Trump had his way, was upbeat in a two-sentence statement that his office issued shortly after the announcement.