Friday, January 30, 2026

Does Trump want less affordable homes?

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Fri Jan 30 2026

Daniel de Visé | Personal Finance Reporter

Good morning! It's Daniel de Visé with your Daily Money, consumer Friday edition.

Amid all the talk of affordability, you might be surprised to learn that President Donald Trump would like to see home prices go up, not down.

Here is his reasoning.

Will Warsh wash as Fed chair?

After a long and closely watched search, President Trump has made his pick to replace Jerome Powell as chair of the Federal Reserve. It's Kevin Warsh, a former Fed governor who is widely viewed as a reasonable choice for the job.

Here's some background on Warsh.

Is another shutdown coming?

Another shutdown? Yes, there's talk of that.

On Thursday, the Senate reached a deal to fund the Department of Homeland Security for a mere two weeks. Lawmakers are working on a larger spending package to avoid a partial shutdown.

The action continues today.

📰 More stories you shouldn't miss 📰

Here are some of the week's top consumer stories:

•	Consumer watchdog's future hangs in the balance
•	Costco sued over a $4.99 rotisserie chicken
•	Here's why homebuyers are canceling sales contracts
•	Cost of living is up. Paychecks are not.
•	CEOs of Target, Best Buy call for ICE de-escalation

Daniel de Visé covers personal finance for USA TODAY. The Daily Money breaks down complex consumer and financial news. Subscribe here.

Trump says he wants to drive housing prices up, not down

U.S. President Donald Trump reacts during a cabinet meeting at the White House in Washington, D.C., U.S., January 29, 2026. REUTERS/Evelyn Hockstein

Amid growing affordability concerns across the nation, President Trump said he is looking to drive housing prices further up, not down.

FILE PHOTO: Kevin Warsh, Fellow in Economics at the Hoover Institution and lecturer at the Stanford Graduate School of Business, speaks during the Sohn Investment Conference in New York City, U.S., May 8, 2017. REUTERS/Brendan McDermid//File Photo

Trump picks former Fed Governor Kevin Warsh as new Fed chair

Warsh is seen as a comparatively moderate figure and notably more cautious about deploying heavy monetary stimulus despite his preference for lower rates.

Senate Minority Leader Chuck Schumer, D-New York, addresses reporters at the U.S. Capitol in Washington, DC, on Jan. 28, 2026.

Senate reaches DHS funding deal as shutdown looms; Trump lauds package

The Senate came to a deal on a DHS funding measure in an effort to avoid a partial governement shutdown.

Erie Meyer, former Consumer Finance Protection Bureau (CFPB) chief technologist, stands in front of the building that housed the Consumer Finance Protection Bureau in Washington, DC. Meyer and her team built the CFPB consumer protection complaint database in 2011. She resigned from the agency in February 2025.

Financial guardrail hangs in the balance as court weighs cuts

An appeals court will decide if further cuts can be made to the CFPB, a key agency tasked with protecting consumers

Shoppers walk past the rotisserie chicken counter at a Costco Wholesale store in North Port, Florida during their grand opening on Wednesday, June 5, 2024.

Costco sued over its $4.99 rotisserie chicken. Here's why

The plaintiffs and their lawyers allege that Costco "has systemically cheated customers out of tens – if not hundreds – of millions of dollars."

How healthy is the housing market?

Homebuyers canceling sales contracts at highest rate ever. Here's why

Buyers canceled agreements to purchase homes at the highest rate ever in December, adding to evidence that the housing market is off-kilter.

People shop at a grocery store in Brooklyn on December 12, 2025 in New York City.

4 in 10 workers say their pay can't keep up with the cost of living

Workers' biggest gripe: They don't get paid enough to keep up with the soaring cost of living, a new USA TODAY/SurveyMonkey Workforce survey says.

A demonstrator holds a sign to protest the presence of federal agents in Minneapolis prior to the start of an NBA game between the Golden State Warriors and Minnesota Timberwolves at Target Center on Jan. 25, 2026 in Minneapolis, Minn.

The CEOs of 60 MN-based companies call on 'de-escalation.' See why.

The CEOs of 60 major Minnesota-based companies, including Target, Best Buy and General Mills, urged 'de-escalation' of tensions.

Early A&W Drive-In in this undated photo taken in Fond du Lac, Wisc.

Fast food in its heyday: Nostalgic look at McDonald's, A&W and more

See nostalgic photos of fast food chain restaurants like Burger King, McDonald's, Jack in the Box and more as they became staples of American history.

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