'Do not do this': Trump official shocks with wild new plan to buy a home

The Trump administration stunned observers as it cooks up an eyebrow-raising new scheme to tackle America's housing crisis, which calls for dipping into retirement savings.

White House economic adviser Kevin Hassett made the announcement Friday on Fox Business, Reuters reported.

"We're going to allow people to take money out of their 401(k)s and use that for down payment," he said in an interview.

President Donald Trump "will put the final plan out in Davos next week," he said...