"50-Year Mortgage Terms Under Serious Consideration"
On November 12 (local time), the White House announced that if the temporary budget bill to end the 43-day-long federal government shutdown passes the House of Representatives, President Donald Trump is scheduled to sign it later that night.
Caroline Leavitt, White House Press Secretary, stated during a media briefing that day, "President Trump looks forward to finally ending this destructive Democratic shutdown with his signature," adding, "We hope the signing ceremony will take place late tonight."
A package of spending bills, including a temporary budget for the federal government through January 30, 2026, passed the Senate on the 10th and is set for a House vote later today. If the budget bill is approved in the House, it will be formally enacted after President Trump's signature.
Press Secretary Leavitt criticized, "Why have the Democrats made the American people suffer for 43 consecutive days? It is purely because of partisan politics." She pointed out that Democrats have blocked the Republican budget bill by demanding an extension of the 'Obamacare' health insurance subsidy, which is set to expire at the end of this year. She said, "They are making an outrageous demand to provide taxpayer-funded medical benefits to illegal immigrants who have entered our country," and accused them of "holding the nation hostage to negotiate over a healthcare system of their own making."
Leavitt further stated, "Obamacare is a broken system that has dramatically increased national healthcare costs," and added, "Once the government is back to normal operations, President Trump is fully open to having conversations about healthcare policy." However, she continued, "We cannot entrust the very people who created this broken system to fix it," and said, "You will see President Trump present very good policy proposals that Democrats should take seriously."
Leavitt also addressed President Trump's pledge to distribute a $2,000 dividend to everyone except high-income earners, funded by tariff revenues, saying, "The White House is committed to making this happen and is reviewing all legal avenues to achieve it."
Additionally, Leavitt commented on whether the White House supports the introduction of a 50-year long-term mortgage, stating, "This is a proposal the President himself has mentioned," and "The administration is discussing and seriously considering it." Previously, President Trump sparked controversy on November 8 by posting an image on Truth Social that appeared to hint at pursuing a 50-year mortgage policy. Critics have argued that extending mortgage terms could drive up housing prices. In a subsequent interview with Fox News, President Trump said, "A 50-year mortgage means your monthly payments go down a bit," adding, "It is not a big change-just a longer term-and it could be helpful."
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