The differences in opinion between lawmakers of the House and Senate are being highlighted by views about government spending. The House is pushing for substantial cuts while the Senate is leaning towards attempts to increase spending. One area which seems to have become a point of contention is funding for the Department of Housing and Urban Development (HUD). The Republican Party is targeting HUD while other parties are pushing for more support of housing initiatives.
The potential consequences of the existing gulf in opinion between the two parties may lead to an impasse. No agreement could be reached if both sides are unwilling to alter their views and compromise. Going forward, it will be important to continue to monitor both the Senate and House as they work towards reaching an understanding on this issue.
Key Points:
• Differences in opinion between House & Senate lawmakers highlighted
• HUD targeted by GOP, while other parties push for more support of housing
• Impasses between two parties a potential consequence of lack of agreement
You can read this full article at: https://www.housingwire.com/articles/hud-budget-proposals-show-the-gulf-between-house-and-senate-lawmakers/(subscription required)
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