US NEC Chair Considers Housing Price Measures Amid Government Shutdown Impact
The chair of the US National Economic Council is exploring ways to address rising housing prices as forecasts predict a 1.5% GDP decline from the ongoing government shutdown.
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Terms & Concepts
National Economic Council (NEC): A US government body that advises the President on economic policy and coordinates economic policymaking across departments.
GDP: Gross Domestic Product, the total monetary value of goods and services produced within a country’s borders in a given time period.