Trump to cut 40% of Federal Housing Admin. staff: Report

Unlock stock picks and a broker-level newsfeed that powers Wall Street. Upgrade Now

Tue, Feb 18, 2025, 4:02 PM

US President Donald Trump's administration plans to cut 40% of the Federal Housing Administration, according to reporting from Bloomberg, as the Department of Government Efficiency or DOGE, led by Tesla (TSLA) Elon Musk, cuts funding across the government.

Yahoo Finance Washington Correspondent Ben Werschkul and Senior Columnist Rick Newman join Market Domination Overtime to outline what investors need to know.

To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.

This post was written by Naomi Buchanan.