Fox Business cites Dallas Fed paper on immigration and housing costs
Segment discusses DOGE spending cuts, alleged fraud in programs benefiting undocumented immigrants, and a new Dallas Fed working paper linking Biden-era unauthorized immigration to higher housing costs. Guests Peter St. Onge and others claim the surge caused a 30% rise in home prices and 20% in rents across metro areas, affecting entry-level housing for American families. Sourcing centers on the Dallas Fed paper (March 2026) by Wilson and Zhou, with commentary from Heritage Foundation economist St. Onge. Segment also covers Trump's proposed Australia-style retirement savings plan and Social Security reform ideas. Throughline is criticism of prior administration policies on spending and borders.
Source: Fox Business