White House. President Trump and Vice President JD Vance Participate in Signing Time, Mar. 16, 2026
This video features President Donald Trump and Vice President JD Vance announcing a major executive order aimed at rooting out fraud within federally funded programs (0:04). The administration estimates that billions to hundreds of billions of dollars are being lost to fraudulent activity, particularly mentioning issues in Minnesota and California (0:46).Key Highlights of the Initiative:
Task Force Creation: An executive order establishes a new task force chaired by Vice President JD Vance, with Andrew Ferguson (FTC) serving as vice chairman (0:41 – 0:58).
Whole-of-Government Approach: The initiative forces different federal agencies, such as the Treasury and Health and Human Services, to share data to detect financial and Medicaid fraud (7:46).
Combating Fraud in Minnesota: Specific attention is paid to fraud involving Medicaid programs meant for autistic children in Minneapolis (6:41).
Targeting Illegal Immigration: The administration connects widespread fraud to illegal immigrants receiving benefits like Medicaid and free hospital care (4:12 – 5:07).
Drug Price Reduction: President Trump highlights the success of his Most Favored Nations policy in significantly lowering prescription drug prices (9:14 – 10:10).Following the signing of the executive order, the President takes questions covering the war in Iran (21:01), the potential for future foreign policy actions in Cuba (48:24), and domestic issues like the Save America Act (39:28).
Thank you very much, everybody. I appreciate it.
This is a very big thing that we’re doing. It’s about fraud — all the fraud that’s taking place in our country. We have two people who are extremely brilliant and very talented, and they’re going to be put in charge.
I’d like to ask Will to give a brief description of what we’re signing in this executive order, and then I’ll ask JD to speak.
Will said that, as stated in the State of the Union address, in light of widespread revelations of fraud in federally funded programs in states like Minnesota and California, this executive order will establish a new task force aimed at rooting out that fraud and returning potentially billions, tens of billions, or even hundreds of billions of dollars to the American taxpayer.
The task force will be chaired by the vice president. The vice chair will be FTC Chairman Andrew Ferguson. According to Will, this will launch a whole-of-government approach to deal with what he described as a very serious problem in federally funded programs around the country.
Trump then said that in Minnesota alone there was $19 billion connected to one aspect of fraud, and that California was supposedly much worse. He said this is not a Republican or Democrat issue in theory, but claimed it appears to happen most heavily in blue states. He added that if it is happening in red states, his administration will go there too.
He then moved into accusations involving Minnesota, Somalia, Governor Tim Walz, Congresswoman Ilhan Omar, and the state attorney general, saying he believed they were complicit and that investigators should look into it.
Trump argued that if even half of the fraud taking place in the country were uncovered, the federal budget could be more than balanced. He described the theft as incredible and suggested the federal government should not be deeply involved in many domestic service areas such as nursing homes.
He also complained about federal spending connected to illegal immigration, saying the federal government had been paying out money in ways it should not, and said, “We’re not paying them anymore.”
Trump then joked that JD Vance would actually do the job and that this would not be like Kamala Harris being put in charge of the border and, in his telling, never really handling it. He then invited Stephen Miller to speak.
Stephen Miller said that while the illegal flow across the southern border had been stopped under Trump, Democrats had set up a system that funneled hundreds of billions — and ultimately trillions — of dollars to migrants in the country, often mentioning Somalia. He gave an example involving illegal immigrants in detention who, he claimed, admitted they were receiving Medicaid or free hospital care billed to taxpayers.
Miller said this was only one example of broader abuse and argued that, under Trump’s leadership and with JD Vance and Andrew Ferguson involved, this would be the first serious effort in American history to reclaim massive sums stolen from taxpayers. He claimed that stopping this theft could be enough to balance the budget and called it a primary cause of the national debt.
Trump followed by saying this kind of cheating had been going on for years and had to stop. He made further harsh comments about Somalia, described it as one of the worst and most dangerous countries, and alleged that billions of dollars had been stolen by people coming from there. He also repeated allegations about Ilhan Omar, including the old claim that she married her brother, and said he hoped someone would investigate that too.
JD Vance then spoke and described the executive order as a whole-of-government approach to tackle fraud. He told a story about supposed fraud in Minneapolis involving Somali immigrants and a Medicaid program meant for autistic children. He said children were being falsely labeled autistic so that benefits could be claimed, which in his telling enriched fraudsters while depriving American children of services they needed.
Vance said the administration discovered that different federal agencies were not properly sharing fraud evidence with one another. He said the executive order would force the federal government to do two things: stop fraud against taxpayers and ensure benefits intended for American citizens actually go to them rather than to fraudsters.
Andrew Ferguson then said millions of Americans pay into these programs and expect something in return, but fraud is siphoning money into fake businesses. He argued that it is unfair both to taxpayers and especially to vulnerable Americans who need those resources most. He also suggested the previous administration had been lax in enforcing anti-fraud controls.
Trump interrupted to say the previous administration was not merely lax but fraudulent. He then shifted topics to prescription drug prices, describing his “Most Favored Nations” drug pricing policy and claiming it had taken the U.S. from having the highest prescription drug prices in the world to the lowest. He argued that while his administration worked hard to save money in this way, fraud was simultaneously draining public funds.
He continued to say the fraud task force could be one of the most important initiatives his administration had launched. He repeated claims about exploding spending related to autism in Minnesota, suggesting the rise itself proved corruption.
Trump then signed the order and said they would take questions from the media.
When asked why previous leaders had not addressed systemic fraud, Trump responded that they were crooked, made money from it, and gained power from it. He alleged that Somali voters in Minnesota vote as a bloc in exchange for benefits and said officials in Minnesota and New York were corrupt.
A reporter then asked JD Vance about critics calling them “the frauds” and about Vance’s position on the war in Iran. Vance dismissed the criticism, said the administration was actually tackling real problems, and stated that Trump had consistently held that Iran should not have a nuclear weapon. He said the administration had taken military action under Trump’s leadership and that Americans should pray for success and for the safety of U.S. troops.
Trump then launched into an extended defense of military action against Iran. He said he does not want wars, but insisted Iran’s leadership is violent and vicious and would use a nuclear weapon if it obtained one. He argued that anyone who believes Iran should have a nuclear weapon is either naive, evil, or stupid.
He claimed that if he had not destroyed Obama’s Iran nuclear deal and then later taken military action, Iran would already have used nuclear weapons in the Middle East. He praised U.S. military technology, especially B-2 bombers, and described the strikes as devastating and precise. He claimed Iran’s navy, air force, anti-aircraft systems, factories, drones, missiles, and leadership had been largely destroyed.
Trump also said many foreign governments should be thanking the United States, especially countries that depend heavily on Middle Eastern oil routes. He criticized allies, especially within NATO and the UK, for not stepping up quickly enough to help, and complained that America spends enormous sums defending other countries without guaranteed support in return.
He then described Iran as a sick regime with a dangerous ideology and religious fervor, and said the U.S. had done a great thing for the world by crippling it.
Later in the press conference, Trump shifted back to domestic politics. He discussed what he called the “Save America Act,” saying it must pass the Senate. He argued that Democrats stick together politically even when their policies are bad, while Republicans often split apart. He then listed policies he said should be overwhelmingly popular: voter ID with a photo, proof of citizenship, and restrictions on mail-in ballots.
He claimed that most Democrats also support voter ID and proof of citizenship, and said widespread mail voting is vulnerable to fraud because too many hands touch the ballots. He also added culture-war issues to the same legislative package, including banning transgender participation in women’s sports and ending what he called the mutilation of children through gender-related medical procedures.
Trump then attacked California Governor Gavin Newsom, mocking him and making insulting remarks about his intelligence and past public comments.
Toward the end, Trump was asked whether a ground force might be needed in Iran to secure nuclear material. He refused to answer, calling it a stupid question for any president to answer publicly. He also said a possible trip to Beijing might be delayed because of the war.
Asked about Cuba, Trump said it is a failed nation with great people and beautiful land, and suggested that he might have the honor of “taking Cuba” in some form or freeing it, though he did not explain what that meant in practical terms.
JD Vance was later asked whether halting Medicaid payments to Minnesota over fraud concerns could become a broader model. He said there were two clear tools: first, stop payments when fraud is identified; second, use law enforcement to prosecute criminal conduct. He said DOJ involvement was essential because much of the fraud, in his view, is criminal and intentional.
The press conference ended with Trump taking a question about DHS funding. He blamed Democrats for refusing to provide funding and called them bad people who do not love the country. He then thanked everyone and ended the event.
In a March 10, 2026 White House article, the Trump administration presented a running list of major U.S. investment announcements made during President Trump’s second term, arguing that his economic agenda is driving a surge in domestic manufacturing, technology, energy, and pharmaceutical expansion. The list includes massive commitments from companies such as Apple, Meta, NVIDIA, Amazon, TSMC, Google, Hyundai, Eli Lilly, and many others, with projects tied to artificial intelligence infrastructure, semiconductor production, data centers, drug manufacturing, steel, energy, and logistics. The article also cites large investment pledges from foreign governments including the UAE, Qatar, Japan, Saudi Arabia, South Korea, and Bahrain, framing the overall wave of commitments as evidence of renewed confidence in the U.S. economy and a broader push to bring production, jobs, and strategic industries back to America.
TRUMP EFFECT: A Running List of New U.S. Investment in President Trump’s Second Term
Since President Donald J. Trump took office, his unwavering commitment to revitalizing American industry has spurred trillions of dollars of investments in U.S. manufacturing, production, and innovation — and the list only continues to grow.
Here is a non-comprehensive running list of new U.S.-based investments in President Trump’s second term:
Appleannounced a $600 billion investment in U.S. manufacturing and workforce training as it brings additional components of its supply chain and advanced manufacturing back to the U.S. — along with an American manufacturing program to incentivize its suppliers to make their products in the U.S.
Meta announced a $600 billion investment by 2028 to support AI technology, infrastructure, and workforce expansion in the U.S.
Project Stargate, led by Japan-based Softbank and U.S.-based OpenAI and Oracle, announced a $500 billion private investment in U.S.-based artificial intelligence infrastructure.
NVIDIA, a global chipmaking giant, announced it will invest $500 billion in U.S.-based AI infrastructure over the next four years amid its pledge to manufacture AI supercomputers entirely in the U.S. for the first time.
Amazonannounced it invested $340 billion in the U.S. last year and will invest an additional $20 billion to expand its cloud computing infrastructure in Pennsylvania, creating at least 1,250 new high-skilled jobs, $10 billion to build new data centers in North Carolina, and another $4 billion in small towns across America, creating more than 100,000 new jobs and driving opportunities across the country.
AT&Tannounced a $250 billion investment to build our wireless network and data infrastructure across the country.
Micron Technology, the sole U.S.-based manufacturer of advanced memory chips, announced a $200 billion investment in its U.S.-based manufacturing and production of advanced memory chips — including construction of a second chip fabrication facility in Boise, Idaho, and modernizing its Manassas, Virginia, facility.
IBM announced a $150 billion investment over the next five years in its U.S.-based growth and manufacturing operations.
Taiwan Semiconductor Manufacturing Company (TSMC)announced a $100 billion investment in U.S.-based chips manufacturing.
Johnson & Johnsonannounced a $55 billion investment over the next four years in manufacturing, research and development, and technology — including a $2 billion dedicated manufacturing facility at the FUJIFILM site in Holly Springs, North Carolina.
AstraZenecaannounced a $50 billion investment for medicines manufacturing and research in the U.S.
Anthropic announced a $50 billion investment in American AI infrastructure, including new data centers in Texas and New York.
Roche, a Swiss drug and diagnostics company, announced a $50 billion investment in U.S.-based manufacturing and research and development, which is expected to create more than 1,000 full-time jobs and more than 12,000 jobs including construction.
Bristol Myers Squibbannounced a $40 billion investment over the next five years in its research, development, technology, and U.S.-based manufacturing operations.
GSK announced a $30 billion investment in U.S.-based research and development and manufacturing.
Eli Lilly and Companyannounced a $27 billion investment to more than double its domestic manufacturing capacity.
Hyundaiannounced a $26 billion U.S.-based investment — including $5.8 billion for a new steel plant in Louisiana, which will create nearly 1,500 jobs.
Vantage Data Centersannounced a $25 billion investment to build a mega-scale 1.4GW data center campus in Shackelford County, Texas — which will employ more than 5,000 people across construction and ongoing operations.
United Arab Emirates-based ADQ and U.S.-based Energy Capital Partnersannounced a $25 billion investment in U.S. data centers and energy infrastructure.
Googleannounced a $25 billion investment in data center and AI infrastructure.
Blackstoneannounced a $25 billion investment in digital and energy infrastructure across Pennsylvania.
Novartis, a Swiss drugmaker, announced a $23 billion investment to build or expand ten manufacturing facilities across the U.S., which will create 4,000 new jobs.
John Deereannounced plans to invest $20 billion over the next decade in American expansion, production, and manufacturing — including onshoring manufacturing of its excavator.
United Arab Emirates-based DAMAC Propertiesannounced a $20 billion investment in new U.S.-based data centers.
France-based CMA CGM, a global shipping giant, announced a $20 billion investment in U.S. shipping and logistics, creating 10,000 new jobs.
Sanofiannounced it will invest at least $20 billion over the next five years in manufacturing and research and development.
Venture Global LNG announced an $18 billion investment at its liquefied natural gas facility in Louisiana.
Woodside Energy Group announced a $17.5 billion investment for a new liquefied natural gas facility in Louisiana.
GlobalFoundariesannounced a $16 billion investment to boost its U.S.-based chip production, including expanding existing plants in New York and Vermont.
FirstEnergy Corp.announced a $15 billion investment in infrastructure enhancements.
Nippon Steel announced it will invest $14 billion in U.S. Steel’s operations, including a $4 billion new steel mill.
Stellantis announced a $13 billion investment in the U.S. — the largest single investment in the company’s history — to expand its U.S.-based production by over 50%.
Gilead Sciencesannounced an $11 billion boost to its planned U.S.-based manufacturing investment.
AbbVieannounced a $10 billion investment over the next ten years to support volume growth and add four new manufacturing plants to its network — including a $195 million investment to expand its U.S.-based drug production capacity.
JPMorganChase announced a $10 billion investment to help U.S.-based companies enhance growth and accelerate strategic manufacturing.
Merck & Co.announced it will invest a total of $9 billion in the U.S. over the next several years after opening a new $1 billion North Carolina manufacturing facility — including in a new state-of-the-art biologics manufacturing plant in Delaware, which will create at least 500 new jobs.
PPLannounced a $6.8 billion investment to expand grid capacity and modernize transmission.
CoreWeave, Inc., announced a $6 billion investment in data center expansion.
Westinghouseannounced a $6 billion investment to build ten large nuclear reactors in the U.S.
Clariosannounced a $6 billion plan to expand its domestic manufacturing operations.
Belgium-based drugmaker UCBannounced a $5 billion investment in a new U.S.-based factory.
Fordannounced it will invest $5 billion across its Kentucky and Michigan manufacturing plants to deliver a new midsize truck and advanced batteries.
Pratt Industriesannounced a $5 billion investment to create 5,000 new manufacturing jobs in Ohio, Michigan, Pennsylvania, and Arizona.
South Korea-based Hanwha Groupannounced a $5 billion infrastructure investment at the Hanwha Philly Shipyard to boost local shipbuilding.
GlobalWafers, a Taiwanese silicon wafer manufacturer, announced a $4 billion investment in its U.S.-based production.
General Motorsannounced it will invest $4 billion in U.S.-based manufacturing as it shifts more vehicle production from Mexico to the U.S., including in Michigan, Kansas, and Tennessee — including an $888 million investment at its propulsion plant in Tonawanda, New York. The company also announced it will move production of its Buick Envision SUV from China to the U.S.
Mitsubishiannounced a $3.9 billion investment in energy.
Shintech announced it will invest $3.4 billion to expand production capacity at its existing Louisiana polyvinyl chloride facility.
Regeneron Pharmaceuticals, a leader in biotechnology, announced a $3 billion agreement with Fujifilm Diosynth Biotechnologies to produce drugs at its North Carolina manufacturing facility.
Kraft Heinzannounced a $3 billion investment to upgrade its U.S. factories — its largest investment in its plants in decades.
GE Appliancesannounced a $3 billion investment in its U.S.-based manufacturing, onshoring 1,000 jobs and expanding its plants across five states.
NorthMark Strategies, a multi-strategy investment firm, announced a $2.8 billion investment to build a supercomputing facility in South Carolina.
Thermo Fisher Scientificannounced it will invest an additional $2 billion over the next four years to enhance and expand its U.S. manufacturing operations and strengthen its innovation efforts.
Amkor Technology announced a $2 billion investment in a new advanced semiconductor packaging and test facility in Arizona — adding 2,000 new jobs.
Biogenannounced a $2 billion investment in North Carolina-based manufacturing.
Mars, Inc., announced a $2 billion investment in its U.S.-based manufacturing operations.
GE Aerospaceannounced a $1 billion investment in manufacturing last year, creating 5,000 new jobs — then announced another $1 billion investment this year, benefiting sites across 30 communities in 17 states and creating an additional 5,000 new jobs.
Kimberly-Clarkannounced a $2 billion investment to expand its U.S. manufacturing operations, including a new advanced manufacturing facility in Warren, Ohio, an expansion of its Beech Island, South Carolina, facility, and other upgrades to its supply chain network.
Chobani, a Greek yogurt giant, announced $1.7 billion to expand its U.S. operations, including $1.2 billion to build its third U.S. dairy processing plant in New York, which is expected to create more than 1,000 new full-time jobs, and $500 million to expand its Idaho manufacturing plant.
Oklo announced a $1.68 billion investment to build a fuel recycling facility in Tennessee.
Corning announced it is expanding its Michigan manufacturing facility investment to $1.5 billion, adding 400 new high-paying advanced manufacturing jobs for a total of 1,500 new jobs.
Smithfield Foods, Inc. announced a $1.3 billion investment to build a new fresh pork processing facility in Sioux Falls, South Dakota.
MP Materials Corp. announced a $1.25 billion investment to build a new rare earth magnet manufacturing facility in Texas.
First Solarannounced the inauguration of its $1.1 billion high-tech manufacturing facility in Louisiana, which projected to directly employ over 800 people.
Carrierannounced an additional $1 billion investment in its U.S. manufacturing, innovation, and workforce expansion, which is expected to create 4,000 new jobs.
Cencora announced a $1 billion investment to strengthen its U.S. distribution network.
Siemens Energy announced a $1 billion investment to scale up U.S.-based production of grid and gas turbine equipment and expand its apprenticeship and training programs.
Hikma Pharmaceuticalsannounced a $1 billion investment to expand its U.S.-based manufacturing and research capabilities.
Vaxcyte announced a $1 billion American manufacturing investment.
Anduril Industriesannounced a $1 billion investment for a new autonomous weapons system facility in Ohio.
Live Nation Entertainmentannounced a $1 billion investment to build 18 new live music venues across the U.S.
Hitachiannounced a $1 billion investment in American energy infrastructure, including a new $457 billion power transformer facility in Virginia.
Williams Internationalannounced a $1 billion investment for a new high-volume aviation gas turbine engine manufacturing facility in Okaloosa County, Florida.
Amgenannounced a $900 million investment in its Ohio-based manufacturing operation.
Merck Animal Healthannounced an $895 million investment to expand their manufacturing operations in Kansas.
U.S. Forged Rings announced an $875 million investment in a new North Carolina production facility.
ElementUSA announced an $850 million investment to build a rare earth and critical minerals refining facility in Louisiana.
Schneider Electricannounced it will invest $700 million over the next four years in U.S. energy infrastructure.
LS Cable & System announced a $689 investment to expand its presence and strengthen U.S. energy infrastructure.
GE Vernovaannounced it will invest nearly $600 million in U.S. manufacturing over the next two years, which will create more than 1,500 new jobs.
Abbott Laboratoriesannounced a $500 million investment in its Illinois and Texas facilities.
AIP Management, a European infrastructure investor, announced a $500 million investment to solar developer Silicon Ranch.
Jabilannounced a $500 million investment in manufacturing and AI data center infrastructure across the southeastern U.S.
Avio announced a $500 million investment in a new Virginia-based manufacturing facility.
JCB announced a $500 million investment to double the size of its Texas manufacturing facility.
Swire Coca-Cola, USA announced a $475 investment in a new Colorado-based manufacturing facility.
Wistron Corp, a Taiwanese electronics and AI server manufacturer, announced a $455 million investment to establish its new U.S.-based subsidiary.
London-based Diageoannounced a $415 million investment in a new Alabama manufacturing facility.
Silver Lake announced a $400 million investment in a digital infrastructure platform.
Legoannounced a $366 million investment to build a new distribution center in Prince George County, Virginia.
The Bel Groupannounced a $350 million investment to expand its U.S.-based production, including at its South Dakota, Idaho, and Wisconsin facilities — which will create 250 new jobs.
Dublin-based Eaton Corporationannounced a $340 million investment in a new South Carolina-based manufacturing facility for its three-phase transformers.
Anheuser-Buschannounced a $300 million investment in its manufacturing facilities across the country.
Whirlpool Corporationannounced a $300 million investment in its U.S. laundry manufacturing facilities.
Scout Motors announced a $300 million investment to build a new Supplier Park in South Carolina.
Germany-based Siemensannounced a $285 million investment in U.S. manufacturing and AI data centers, which will create more than 900 new skilled manufacturing jobs.
Samsung Biologics announced a $280 million investment to build a new Maryland production facility.
Clasen Quality Chocolateannounced a $230 million investment to build a new production facility in Virginia, which will create 250 new jobs.
Hadrian, a defense manufacturing startup, announced a $200 million investment to build a large-scale manufacturing and software hub in Mesa, Arizona.
Pratt & Whitney announced a $200 million investment to expand its Georgia-based operations.
Fiserv, Inc., a financial technology provider, announced a $175 million investment to open a new strategic fintech hub in Kansas, which is expected to create 2,000 new high-paying jobs.
Paris Baguetteannounced a $160 million investment to construct a manufacturing plant in Texas.
Philipsannounced a $150 million investment in U.S. manufacturing and research facilities.
Siemens Healthineersannounced a $150 million investment to expand production, including relocating manufacturing operations for its Varian company from Mexico to California.
JBS USAannounced a $135 million investment for a new sausage production facility in Perry, Iowa.
TS Conductor announced a $134 million investment to build an advanced conductor manufacturing facility in South Carolina, which will create nearly 500 new jobs.
Switzerland-based ABBannounced a $120 million investment to expand production of its low-voltage electrification products in Tennessee and Mississippi.
Saica Group, a Spain-based corrugated packaging maker, announcedplans to build a $110 million new manufacturing facility in Anderson, Indiana.
ALUKO Group announced an $107 million investment in a new Tennessee aluminum manufacturing facility.
Hotpack, a Dubai-based maker of food packaging materials and related products, announced a $100 million investment to establish its first U.S. manufacturing facility in Edison, New Jersey.
Charms, LLC, a subsidiary of candymaker Tootsie Roll Industries, announced a $97.7 million investment to expand its production plant and distribution center in Tennessee.
Toyota Motor announced plans to invest $10 billion more than previously expected in the U.S. over the next decade, including a $912 million investment in manufacturing plants across five southern states and an $88 million investment to boost hybrid vehicle production at its West Virginia factory.
Taiwan-based iPhone assembler Pegatron Corp. announced an $85 million investment to establish a new U.S. subsidiary and production facility.
China-based Kingsunannounced an $80 billion investment to establish its first U.S. manufacturing facility in North Carolina.
Rolls-Royceannounced a $75 million investment to expand its South Carolina manufacturing facility.
Arm Inc. announced a $71 million investment to expand its Texas campus and build a new semiconductor lab.
Hanwha Oceanannounced a $70 million investment to expand its Philadelphia shipyard.
Hydrite Chemical Co. announced a $63 million investment to expand its manufacturing and distribution capabilities.
Germany-based Butting Group announced a $61 million investment to build its first U.S.-based stainless steel pipe manufacturing facility in Alabama.
Century Aluminum announced it will invest $50 million to revive its South Carolina manufacturing plant for the first time in a decade, bringing its production back to 2015 peak levels.
Canada-based Silver Hills Bakeryannounced a $48.5 million investment to revive the former Kellogg’s facility in Tennessee.
AeroVironment, a defense contractor, announced a $42.3 million investment to build a new manufacturing facility in Utah.
Paris-based Saint-Gobainannounced a new $40 million NorPro manufacturing facility in Wheatfield, New York.
DMG MORI announced a $40.5 million investment to expand its Illinois manufacturing operation.
Hoffman & Hoffman announced a $40 million investment to expand its North Carolina manufacturing campus.
Georg Utz Inc. announced a $40 million investment to construct a new manufacturing facility in South Carolina.
Echodyne announced a $40 million investment in a new manufacturing facility.
India-based Syngene Internationalannounced a $36.5 million acquisition of a Baltimore biologics manufacturing facility.
Asahi Group Holdings, one of the largest Japanese beverage makers, announced a $35 million investment to boost production at its Wisconsin plant.
Germany-based KettenWulf announced a $34 million investment in to expand its U.S.-based manufacturing operation.
The GE Aerospace Foundationannounced a $30 million workforce skills training program to prepare the next generation of its U.S.-based workforce.
Valbruna Slater Stainlessannounced a $28 million investment in its stainless steel and nickel alloys bars manufacturing plant in Fort Wayne, Indiana.
Nortian Foodtechannounced a $22.2 million investment in a Missouri manufacturing facility.
J.M. Smucker Co. announced a $20.5 million investment to expand its manufacturing plant in Topeka, Kansas.
Cyclic Materials, a Canadian advanced recycling company for rare earth elements, announced a $20 million investment in its first U.S.-based commercial facility, located in Mesa, Arizona.
Guardian Bikesannounced a $19 million investment to build the first U.S.-based large-scale bicycle frame manufacturing operation in Indiana.
Preciball USA announced a $17.6 million investment for a new production facility in Georgia.
Amsterdam-based AMG Critical Mineralsannounced a $15 million investment to build a chrome manufacturing facility in Pennsylvania.
Midwest Equipment Manufacturing, Inc.announced a $15 million investment to expand its Kentucky factory.
Il Pastaio announced a $12.5 million investment to open its first U.S.-based pasta manufacturing facility in Pennsylvania.
Bad Boy Mowers Co. announced a $10.5 million investment to build a new tractor facility in Alabama.
NOVONIX Limited, an Australia-based battery technology company, announced a $4.6 million investment to build a synthetic graphite manufacturing facility in Tennessee.
LGM Pharmaannounced a $6 million investment to expand its manufacturing facility in Rosenberg, Texas.
That doesn’t even include the U.S. investments pledged by foreign countries:
United Arab Emirates committed to investing $1.4 trillion in the U.S. over the next decade.
Qatar committed to generating $1.2 trillion in an economic exchange between the two countries.
Japan announced a $1 trillion investment in the U.S.
Saudi Arabia committed investing $600 billion in the U.S. over the next four years.
South Korea committed to a $450 billion investment in U.S. energy products.
President Donald Trump’s March 7, 2026 proclamation lays out an aggressive new anti-cartel doctrine, calling for the destruction of criminal cartels and foreign terrorist organizations in the Western Hemisphere “to the fullest extent possible consistent with applicable law.” The proclamation says the United States will work with allies to strip these groups of territory, money, weapons access, and outside influence, while training and mobilizing partner-nation militaries to build a stronger regional force against cartel violence. It also highlights the newly formed Americas Counter Cartel Coalition, involving representatives from 17 countries, as a sign that Washington is pushing beyond law enforcement toward a broader hard-power strategy against organized crime.
COMMITMENT TO COUNTERING CARTEL CRIMINAL ACTIVITY
BY THE PRESIDENT OF THE UNITED STATES OF AMERICA
The United States, under my leadership, has demonstrated a sustained commitment towards achieving the dismantlement of cartels and foreign terrorists operating in the Western Hemisphere. My Administration has designated a number of cartels and transnational gangs as foreign terrorist organizations and has since dedicated unprecedented resources towards their destruction. These international entities control territories and commerce, extort political and judicial systems, wield arms and field military capabilities, and use assassinations and terrorism to achieve their ends. In furtherance of our efforts, the Secretary of War established the Americas Counter Cartel Coalition, a pledge from military leaders and representatives from 17 countries demonstrating that the region is ready to operationalize hard power to defeat these threats to our security and civilization. We will address these grave dangers by use of any necessary resources and legally available authorities, together with our partner nations.
NOW, THEREFORE, I, DONALD J. TRUMP, President of the United States of America, by virtue of the authority vested in me by the Constitution and the laws of the United States, do hereby proclaim as follows:
(1) Criminal cartels and foreign terrorist organizations in the Western Hemisphere should be demolished to the fullest extent possible consistent with applicable law.
(2) The United States and its allies should coordinate to deprive these organizations of any control of territory and access to financing or resources necessary to conduct their campaigns of violence.
(3) The United States will train and mobilize partner nation militaries to achieve the most effective fighting force necessary to dismantle cartels and their ability to export violence and pursue influence through organized intimidation.
(4) The United States and its allies should keep external threats at bay, including malign foreign influences from outside the Western Hemisphere.
IN WITNESS WHEREOF, I have hereunto set my hand this seventh day of March, in the year of our Lord two thousand twenty-six, and of the Independence of the United States of America the two hundred and fiftieth.
It’s a pretty wild time, but it’s going very well. Sit down, please.
Tremendous progress has been made, as you’re probably seeing just by watching. We’re doing something very significant. I built the military, rebuilt it, and made it really strong during my first administration. Along with a lot of other things we did, we had a great first term, and now we’re using that strength. Unfortunately, we have to. But you’re seeing how great it is. There is no military like it on Earth — not even close.
And we’re doing very well in Iran. You can see the results. It’s been amazing. We knocked out 42 Navy ships, some of them very large, in three days. That was the end of their Navy. We knocked out their air force. We knocked out their communications — all telecommunications are gone. I don’t know how they communicate now, but I guess they’ll figure something out. It’s not working out too well for them. And they are bad people — just bad people.
When you look at October 7 and everything beyond October 7, look at all the killing they’ve done over 47 years. This had to be done. They were very close to a nuclear weapon. They would have had one if we hadn’t carried out our B-2 strike, Midnight Hammer. They would have had a nuclear weapon eight months ago. And you know they’re crazy — they would have used it. So we did the world a favor.
Someone asked me, “On a scale of 0 to 10, how are you doing with the attack?” I said, “About a 15,” with 10 being the best. It’s something that had to be done, and we’re doing it well. I want to thank everybody involved.
I’ll be leaving right after this for Dover. It’s a very sad situation. I’m going there to greet the families of the heroes coming home from Iran — coming home in a very different way than they thought they would. But they are great heroes in our country, and we’re going to keep it that way. When it comes to war, there is always tragedy. But we’re going to keep it to a minimum, I think, Pete. And what we’re doing is really a service — not just for the Middle East, but for the world. These were sick people, very sick people.
This morning, I’m honored to welcome distinguished heads of state from across the Western Hemisphere for the first Shield of the Americas Summit. It is something very, very special. Marco has been working on it very hard, and so have a lot of other people, because this region is very important to us. It’s nice to be home. It’s very important. We travel all over the world — 9,000 miles away, 12,000 miles away. I ask, “How long is this flight, sir?” “Nineteen hours.” I say, “Oh, that’s great.” Now I have flights that last two hours. I like that much better.
But on this historic day, we come together to announce a brand-new military coalition to eradicate the criminal cartels plaguing our region. We were talking backstage, and you were telling me about the crime and the cartels. We’re knocking the hell out of them where we can, and we’re going to go even heavier. You saw what we were doing with the boats coming in. There aren’t many people coming in by boat anymore. Drugs coming in by sea are down 96%. We’re trying to find out who the other 4% are, because I think they must be the bravest people in the world — or maybe they just don’t watch television.
We’re calling this military partnership the America’s Counter-Cartel Coalition. That’s what you need. The cartels seem to grow unbelievably rapidly in this region, largely because of drugs. Earlier this week in Miami, Secretary of War Pete Hegseth, who is right here — Pete, you’re fantastic, doing a great job, we’re proud of you — and representatives of 17 different nations formally entered into this new alliance.
At the heart of our agreement is a commitment to using lethal military force to destroy the sinister cartels and terrorist networks once and for all. We’ll get rid of them. We need your help. You just have to tell us where they are. We have amazing weaponry, as you have probably noticed over the last short period of time.
I want to thank the members of the coalition, most of whom are friends of mine, and a few of whom I just met. Many of them I endorsed, and they took that endorsement and went on to win big. I haven’t had a bad endorsement yet.
The President of Argentina is here — Javier Milei, thank you very much for being here. The President of El Salvador, another friend — a man we’ve gotten very close to. When I first saw him, I thought he was too young, but then I saw the job he did and I changed my mind. He has been a great president, and we appreciate the relationship very much.
Also here are the President of Paraguay, Santiago Peña; the President of Ecuador, Daniel Noboa; the President of Panama, José Raúl Mulino; the President of Honduras; the President of Guyana, Irfaan Ali; the President of Bolivia, Rodrigo Paz; the Prime Minister of Trinidad and Tobago; the President of Costa Rica, Rodrigo Chaves; the president-elect of Costa Rica, Laura Fernández Delgado; the President of the Dominican Republic, Luis Abinader; and the president-elect of Chile, José Kast. Congratulations to all of you.
I want to thank Secretary of State Marco Rubio for his leadership in organizing this really important summit. He’s fantastic — a fantastic Secretary of State. Thus far, we’ve had the most incredible year of any president. I ended eight wars. We’re not going into all of that today, but what we’ve done is incredible, and we’re going to be doing some incredible things together.
All of the nations in this room share the same priorities: security, prosperity, free commerce, and the rule of law. That’s why together we are also forming the Shield of the Americas, a new organization to advance these shared priorities in our hemisphere.
For decades, leaders in this region allowed large swaths of territory in the Western Hemisphere to come under the control of transnational gangs and bloodthirsty cartels that impose their will through murder, torture, extortion, drug trafficking, bribery, and terror. Some of you are in danger — real danger. It’s hard to believe, but we are working with you to do whatever we have to do. If you need help, we will help.
Many of the cartels have developed sophisticated military operations. In some cases, they are said to be more powerful than the military in the country itself. We cannot have that. These brutal criminal organizations pose an unacceptable threat to national security, and they provide a dangerous gateway for foreign adversaries in our region. They are a cancer, and we do not want that cancer spreading.
Every leader here today is united in the conviction that we cannot and will not tolerate this lawlessness in our hemisphere any longer. The only way to defeat these enemies is by unleashing the power of our militaries. You have to use your military. You cannot fight these people with ordinary policing alone.
Just as we formed a coalition to eradicate ISIS in the Middle East, we must now do the same to eradicate the cartels closer to home. As part of our commitment to countering cartel violence, we must recognize that the epicenter of cartel violence is Mexico. The Mexican cartels are fueling and orchestrating much of the bloodshed and chaos in this hemisphere. The United States government will do whatever is necessary to defend our national security and protect the safety of the American people.
At the same time, all of us must recommit ourselves to ensuring law and order within our own nations. That includes showing zero tolerance for gang activity. The savages who murder and rape with impunity must be permanently removed from society. We must not allow our criminal justice systems to be corrupted so that they protect criminals at the expense of the people.
By securing our border and cracking down on traffickers and smugglers, we’ve reduced fentanyl pouring across our border by 67% in our first year. With a little more time, we’ll do even better. We’ve also been working closely with many of you to end human smuggling and implement safe third-country agreements.
We are also looking forward to major change in Venezuela and Cuba. Under our new doctrine — and it is a doctrine — we will not allow hostile foreign influence to gain a foothold in this hemisphere. That includes the Panama Canal. Together, we will protect our sovereignty, our security, and our cherished freedom and independence.
The nations gathered here today are filled with unlimited potential. But to fulfill that tremendous potential, we must smash the grip of the cartels, criminal gangs, and violent organizations that have terrorized our people for too long. With the courage and resolve of the leaders in this room, we will make our nations safer, stronger, richer, and more successful than ever before.
So I want to thank you all very much for coming. I look forward to the incredible progress that is soon to come. You’re going to see some incredible things. And now I’d like to ask Secretary Rubio and Secretary Hegseth to say a few words. Then I will sign a proclamation formally launching the America’s Counter-Cartel Coalition.
Thank you all very much for being here. We appreciate it.
In this address from White House , President Donald J. Trump announces the commencement of major combat operations in Iran (0:00-0:07), stating the objective is to eliminate threats from the Iranian regime (0:09-0:15). He characterizes the regime as a “vicious group” that has endangered the United States, its troops, and allies for 47 years (0:19-0:31).
The President outlines a history of Iranian aggression (0:31-1:57), including:
The 1979 US embassy takeover and hostage crisis (0:49-0:58).
The 1983 Marine barracks bombing in Beirut (1:04-1:10).
Involvement in the 2000 USS Cole attack (1:13-1:18).
Killing and maiming hundreds of American service members in Iraq (1:21-1:26).
Recent attacks against American forces and vessels in the Middle East (1:26-1:40).
Funding terrorist militias in Lebanon, Yemen, Syria, and Iraq (1:47-1:57).
Iran’s proxy Hamas launching the October 7th attacks on Israel (2:00-2:14).
He emphasizes that Iran is the “world’s number one state sponsor of terror” (2:22-2:24) and highlights its suppression of its own citizens (2:27-2:31).
A key policy point is that the Iranian regime can never have a nuclear weapon (2:31-2:46). President Trump states that in “Operation Midnight Hammer” last June, the U.S. obliterated Iran’s nuclear program at Ford Natanz and Isfahan (2:48-2:59). Despite warnings and attempts to make a deal, Iran refused to renounce its nuclear ambitions and attempted to rebuild its program and develop long-range missiles (3:00-3:54).
The President then details the military’s ongoing operation (4:08-4:20) to:
Destroy their missiles and missile industry (4:23-4:28).
Annihilate their navy (4:32-4:35).
Ensure terrorist proxies no longer destabilize the region or attack U.S. forces (4:37-4:49).
Ensure Iran does not obtain a nuclear weapon (4:57-5:01).
He asserts the unparalleled strength of the U.S. military (5:11-5:28) and acknowledges the potential for U.S. casualties (5:32-5:58). The President addresses members of the Islamic Revolutionary Guard and police, urging them to “lay down your weapons and have complete immunity or…face certain death” (6:25-6:50). Finally, he speaks to the people of Iran, proclaiming “the hour of your freedom is at hand” (6:51-6:56), advising them to stay sheltered, and encouraging them to “take over your government” once the operation is finished (7:06-7:08). He pledges overwhelming U.S. support for their cause (7:30-7:33).
President Donald Trump’s State of the Union address February24, 2026 at 9 p.m.
Comer Statement on Trump’s State of the Union Address
WASHINGTON—House Committee on Oversight and Government Reform Chairman James Comer (R-Ky.) issued the following statement ahead of President Donald J. Trump’s State of the Union address:
“Our State of the Union is stronger than ever, thanks to President Trump’s unwavering commitment to fulfilling his promises to the American people. In just over one year, this administration has taken decisive action to reverse dangerous Biden-era open border policies, strengthen public safety by removing criminal illegal aliens from our communities, restore American energy dominance by ending the radical Green New Deal agenda, and bring common sense back to Washington by rooting out waste, fraud, and abuse across the federal government. America’s future is bright under President Trump’s leadership, and our work is far from done. The House Oversight and Government Reform Committee will continue to deliver on its mission by working with President Trump and his administration to ensure the federal government operates effectively, efficiently, and transparently for all Americans.”
The White House says President Trump hosted “Angel Families” in an East Room ceremony to honor Americans killed by people described as criminal illegal immigrants, marking the second anniversary of Laken Riley’s murder and signing a proclamation naming February 22 as National Angel Family Day. Family members shared stories of their loved ones and praised Trump for focusing on border enforcement, while one officer said he had previously arrested the suspect later accused of killing Riley and argued the system failed because there was no detainer, accountability, or deportation. The statement frames the event as both a memorial and a policy message: the administration claims the border is now highly secure and vows to keep removing dangerous offenders so other families don’t face the same loss.
President Trump Honors Angel Families, Remembers American Lives Lost to Illegal Immigration
Today, President Donald J. Trump welcomed Angel Families to the White House for an emotional ceremony honoring American lives tragically taken by criminal illegal aliens who never should have been in our country. Paying solemn tribute to the second anniversary of Laken Riley’s murder, President Trump signed a Proclamation designating February 22 as National Angel Family Day — a day of remembrance for victims and their grieving loved ones devastated by the consequences of open border policies.
With America’s border now the most secure in history, the Trump Administration remains unwavering in its commitment to remove dangerous criminal illegal aliens from our communities, ensure accountability, and make sure not one more American family has to endure this pain.
Allyson Phillips, whose 22-year-old daughter, Laken Riley, was killed by an illegal alien while out for a run in Georgia: “If you’ve lived that nightmare that we have lived, you understand the importance of the job that he is doing in securing our nation and fighting for our families — because this could be any family.” (Watch)
Steve Ronnebeck, whose 21-year-old son, Grant, was shot and killed by an illegal alien while working at an Arizona convenience store: “President Trump talked about Grant even before he was elected in 2016 — and finally, we had hope… Now, today, we are finally going to see that somebody’s going to remember all of our loved ones.” (Watch)
Laura Wilkerson, whose son, Joshua, was tortured and killed by his illegal alien classmate: “I met a man about 11 years ago who was running for office and he sat with us a couple days, and he watched as the tears rolled down my face as I told him the story of how our youngest son, Joshua, was brutally beaten, tortured, strangled to death, and his body set on fire. The man next to me was President Trump. He never, ever, looked away from my pain. He looked me straight in the eye and he said, ‘I will never forget the story of your sweet son, and I will never give up fighting for the American family.’ … He has never missed a day of fighting for the American family.” (Watch)
Marie Vega, whose son, former U.S. Marine and Border Patrol Agent Javier ‘Harvey’ Vega, Jr., was ambushed by two illegal aliens during a family fishing trip: “Thank God we have you in office. Without you, America, and the world, would not know the consequences of open borders. Thank you for restoring law and order. Thank you for acknowledging us — the Angel Families.” (Watch)
Jody Jones, whose brother, Rocky, was shot and killed by an illegal alien: “I’m sick and tired of hearing these Democrat politicians stand up on these podiums and say how sorry they are for seeing these criminal illegal aliens being ‘ripped apart’ from their families. What about us? What about the American family? What about us? We mean something, too, and this man right here understands it.” (Watch)
Officer Ethan Curreri, who arrested the illegal alien that would go on to murder Laken Riley months later: “I personally arrested José Ibarra for endangering the welfare of a child. A few months later, I saw his face again in the news after he viciously murdered Laken Riley. I did my job. I put him in custody. The system failed; no detainer, no accountability, no deportation, and an innocent American life was taken. If you enter our country illegally, there will be consequences under this Administration.”
On January 30, 2026, President Donald J. Trump nominated Kevin Warsh, a former Federal Reserve Governor who navigated the 2008 financial crisis, to serve as the next Chairman of the Federal Reserve, succeeding Jerome Powell. Warsh brings extensive credentials, including degrees from Stanford and Harvard Law School, experience as a Morgan Stanley executive, and advisory roles in the Bush administration. The nomination has garnered widespread acclaim across political and financial spheres, with Republican senators such as Tim Scott, Lindsey Graham, and Bill Hagerty praising his deep monetary policy expertise, steady leadership, and potential to refocus the Fed on its core mandate of price stability and maximum employment while enhancing credibility and accountability. Business leaders including JPMorgan Chase CEO Jamie Dimon, U.S. Chamber of Commerce President Suzanne Clark, and financial organizations like the Mortgage Bankers Association and American Bankers Association highlighted his prudent approach, crisis management skills, and commitment to economic growth, stability, and innovation in a complex environment.
Wide Acclaim for President Trump’s Nomination of Kevin Warsh as Fed Chair
Today, President Donald J. Trump announced his nomination of Kevin Warsh to serve as Chairman of the Board of Governors of the Federal Reserve System. Mr. Warsh is exceptionally well-prepared to lead the world’s most influential central bank, with a distinguished background including degrees from Stanford University and Harvard Law School, prior roles as a Morgan Stanley executive and top economic advisor to the Bush Administration, and service as the youngest-ever Federal Reserve Governor — where he helped steer the institution through the 2008 financial crisis.
The nomination has drawn widespread praise from lawmakers, business leaders, financial experts, and industry voices across the spectrum:
Senate Committee on Banking, Housing, and Urban Affairs Chairman Tim Scott: “The Federal Reserve’s decisions touch every American household, from mortgage rates to retirement savings, and President Trump has been clear that bringing accountability and credibility to the Federal Reserve is a priority, and his nomination of Kevin Warsh reflects that focus. As a former Federal Reserve Governor, Kevin has deep knowledge of markets and monetary policy that will be essential in this role. Federal Reserve independence remains paramount, and I am confident Kevin will work to instill confidence and credibility in the Fed’s monetary policy. As Chairman of the Senate Banking Committee, I look forward to leading a thoughtful, timely confirmation process that carefully examines his vision for focusing the Federal Reserve on its core mission.”
Sen. Jim Banks: “Kevin Warsh is a brilliant pick by President Trump for Fed Chair. Clear from what he wrote in 2021 he understands scale of China’s ambitions. As member of Banking Committee I look forward to working with him to maintain American financial supremacy.”
Sen. Marsha Blackburn: “Kevin Warsh is exceptionally qualified to lead the Federal Reserve as Chairman. I look forward to supporting this nomination in the Senate, and I am confident Kevin will help foster economic growth and create more opportunity for hardworking Americans.”
Sen. Katie Britt: “Congratulations to Kevin Warsh on his nomination to serve as the next Chair of the Federal Reserve. Kevin brings a deep expertise and proven track record in monetary policy, including years at the Federal Reserve where he helped our nation navigate some of its most economically turbulent times. He is an exceptionally qualified candidate, and I look forward to supporting his nomination.”
Sen. Shelley Moore Capito: “@potus’ pick of Kevin Warsh to serve as @federalreserve Chairman is an excellent choice. I’ve had the [opportunity] to get to know Kevin over the years and know firsthand that he brings experience, steady leadership, and a clear understanding of the challenges facing our economy. I’m looking forward to working together.”
Sen. John Cornyn: “With decades of experience in finance & economics spanning government and the private sector, Kevin Warsh is eminently qualified to serve as Chairman of the @federalreserve. I trust with him at the helm, the Federal Reserve will help guide our nation on a path of historic prosperity & opportunity just as @POTUS has. I look forward to supporting Kevin in the Senate.”
Sen. Tom Cotton: “I commend President Trump nominating Kevin Warsh to become the next Chairman of the Federal Reserve. I look forward to working with him and President Trump to make life more affordable for Arkansans.”
Sen. Lindsey Graham: “Great pick, Mr. President. Kevin Warsh has the experience and judgment this important role demands, along with a strong combination of academic and real-world knowledge. I have every confidence that he is the right choice at the right time, and I will enthusiastically support his nomination.”
Sen. Bill Hagerty: “Congratulations to my friend Kevin Warsh on his nomination to be Chairman of the Federal Reserve. I have known Kevin for years and his exemplary record speaks for itself. No one is better suited to steer the Fed and refocus our central bank on its core statutory mandate. I look forward to voting for his confirmation in short order, and watching him succeed. An outstanding choice by @realDonaldTrump!”
Sen. Cynthia Lummis: “Now more than ever, we need a Federal Reserve that embraces digital assets and financial innovation, not one that shuns advancement. I applaud President Trump’s decision and look forward to hearing Kevin Warsh’s plans to undertake needed reforms to make the Fed more transparent and accountable to Congress.”
Sen. Roger Marshall: “Kevin Warsh is an outstanding choice by President @realDonaldTrump to serve as the next Fed chair. His experience and expertise are exactly what our country needs right now. Time to unleash the full strength of the American economy.”
Sen. Dave McCormick: “I applaud President Trump’s nomination of Kevin Warsh to be Chairman of the Federal Reserve. Kevin has been a friend and colleague to Dina and me for almost 30 years. He is exactly who we need to fulfill the Fed’s mandate of monetary policy that keeps inflation in check while unlocking growth, new jobs, and opportunity. Pennsylvanians can be confident that this choice will bring common sense and steady leadership to the Federal Reserve.”
Sen. Bernie Moreno: “Phenomenal choice by President Trump! Kevin Warsh is a brilliant mind who will restore independence to the Federal Reserve. Unlike Powell, Kevin will make decisions based on logic and not based on politics. I look forward to voting to confirm him as the next Chairman!”
Sen. Pete Ricketts: “Congrats to Kevin Warsh on his nomination to be the next chairman of the Federal Reserve. I look forward to speaking with him about his vision of the Fed on @BankingGOP in the near future.”
Sen. Rick Scott: “Kevin Warsh is a great pick from @POTUS as the next @FederalReserve Chair, and I’m excited to vote for his confirmation ASAP. The Fed has lost its way. I believe Kevin understands the need to reduce the balance sheet and rein in out-of-control spending at the Fed to help get our country back on track.”
Sen. Tommy Tuberville: “Congratulations to Kevin Warsh who will do a great job as the next Chairman of the Federal Reserve. The President made an excellent choice. Time to cut rates.”
Canadian Prime Minister Mark Carney: “Kevin Warsh is a fantastic choice to lead the world’s most important central bank at this crucial time.”
The Wall Street Journal Editorial Board: “Does Kevin Warsh know what he’s getting into as President Trump’s nominee to be the next Chairman of the Federal Reserve? Yes, he does, which is only one of the reasons he is the right choice for a central bank that needs reform after a generation of exceeding its proper monetary remit… This is President Trump’s best second-term appointment.”
Mortgage Bankers Association President and CEO Bob Broeksmit: “MBA congratulates Kevin Warsh on his nomination to serve as Chairman of the Federal Reserve. His prior service on the Federal Reserve Board, where he developed a reputation as a prudent, thoughtful voice on monetary policy, paired with his private sector experience, will be invaluable as he leads the Federal Reserve in what has become an increasingly challenging and complicated mission.”
U.S. Chamber of Commerce President and CEO Suzanne P. Clark: “Kevin is well known to the business community. We appreciate his years of focus on how we grow the American economy and maintain stable prices for America’s families, and look forward to his confirmation process.”
JPMorgan Chase CEO Jamie Dimon: “Kevin Warsh is a highly respected and experienced leader — across government, business and education — who I have seen act with integrity and a dedication to making our country better.”
Rene M. Kern Practice Professor at the Wharton School of the University of Pennsylvania Mohamed A. El-Erian: “Congratulations to Kevin Warsh on being nominated by President Donald Trump as the next Chair of the Federal Reserve, the world’s most powerful central bank. Having observed and interacted with Kevin during his prior tenure as Fed Governor, in academia, and as a fellow member of the Group of Thirty (G-30), I believe he brings a strong mix of deep expertise, broad experience, and sharp communication skills. His commitment to reforming and modernizing the Fed bodes well for enhancing policy effectiveness and protecting the institution’s political independence.”
Financial Services Forum President and CEO Amanda Eversole: “The Federal Reserve is critical to ensuring the economic success of our nation—Kevin Warsh is the right man for the job of chair. Warsh brings an unmatched wealth of experience and has a proven track record of guiding our nation’s economy through financial crisis and recovery. President Trump understands the need for strong leadership at the Federal Reserve to fulfill its dual mandate while modernizing the institution. The Forum applauds President Trump’s nomination and looks forward to working with Warsh to ensure our nation’s economic strength for the benefit of all Americans.”
National Economic Council Director Kevin Hassett: “President Trump made a great choice… I really have high regard for Kevin and we’re going to put every effort that we have into getting him confirmed as soon as possible so that we can get the Fed moving in the right direction.”
Consumer Bankers Association President and CEO Lindsey Johnson: “On behalf of America’s leading Main Street banks, we congratulate Kevin Warsh on his nomination to serve as Chair of the Federal Reserve. Mr. Warsh’s depth of expertise and understanding of the Federal Reserve’s dual mandate will be critical as the central bank navigates a complex economic environment and works to maintain stability, confidence, and long-term growth. We look forward to working with Mr. Warsh and policymakers to advance sound, predictable policies that support a strong economy, a resilient financial system, and broad access to credit for consumers and small businesses nationwide.”
American Bankers Association President and CEO Rob Nichols: “Congratulations to Kevin Warsh on his nomination to serve as the next chair of the Federal Reserve Board. In selecting Warsh, President Trump has chosen an experienced and tested policymaker who previously served at the Fed during one of its most challenging moments. Having worked alongside him in the Bush administration, I know he has a deep understanding of monetary policy, markets and the important role the nation’s banks play in the economy. We look forward to learning more about his current policy views during the confirmation process, and ultimately seeing a smooth transition in Fed leadership.”
Job Creators Network CEO Alfredo Ortiz: “Kevin Warsh is the perfect choice to lead the Federal Reserve. He has repeatedly demonstrated understanding of the true driver of inflation: excessive government money printing, not economic growth. Under his leadership, the Fed can finally reach its target inflation rate, something Chairman Powell has continually failed to do, while also expanding access to credit for small businesses. By protecting the value of the dollar, supporting economic growth, and boosting capital access, a Warsh chairmanship can backstop a booming small business economy. The Senate should quickly confirm him.”
Investment Company Institute President and CEO Eric J. Pan: “ICI offers our warm congratulations to Kevin Warsh on his selection to lead the Federal Reserve. Warsh’s wealth of experience in monetary policy and financial regulation, along with his deep understanding of the Federal Reserve’s dual mandate, will serve him well in this position. His unique background as a former Federal Reserve Governor, twinned with his experience in global financial markets, means he has a firm foundation from which to step into this leadership role. We commend President Trump for this outstanding nomination and look forward to working with Warsh to support the millions of American investors we serve.”
CRE Finance Council President and CEO Lisa Pendergast: “CREFC congratulates Kevin Warsh on his nomination to lead the Federal Reserve. As a former Federal Reserve Governor with deep experience in financial markets, Mr. Warsh brings valuable perspective at a critical moment for the U.S. economy. Federal Reserve policy has a direct and significant impact on commercial real estate finance, influencing interest rates, liquidity, and the availability of capital across CRE lending and securitization markets. Strong, transparent leadership at the Fed is essential to maintaining market stability and supporting economic growth. We look forward to engaging with Mr. Warsh and policymakers throughout the confirmation process and beyond to advance policies that promote a healthy, resilient commercial real estate finance system.”
Independent Community Bankers of America President and CEO Rebeca Romero Rainey: “ICBA and the nation’s community banks congratulate Kevin Warsh on his nomination to serve as chairman of the Federal Reserve Board. As a previous member of the Fed board, Warsh has demonstrated a clear understanding of the important role of community banks in the nation’s economy and the need for tiered regulations to support access to banking services in local communities. ICBA encourages policymakers in Washington to continue ongoing efforts to address excessive regulatory burdens on community banks and ensure a level regulatory playing field between banks and nonbank entities to support a secure environment for consumers and the financial system. We look forward to continuing to work closely with Warsh, the Trump administration, and the 119th Congress on these issues.”
Former Secretary of State Condoleezza Rice: “Congratulations to my close friend and trusted colleague of many years at Hoover on being nominated as the next Fed Chair. Kevin is a dedicated public servant with the intellect, experience, and judgment to lead the Federal Reserve. He understands the central bank’s key role for the United States and our allies around the world. We will benefit from his steady, principled leadership.”
Apollo Global Management Chief Economist Torsten Slok: “He will be really a great Fed Chair because the issue is that he understands the institution. He understands that this is a committee; there are 12 voting members. He absolutely also understands the importance of guiding the committee and figuring out the consensus opinion.”
UPS CEO Carol B. Tomé: “Since joining the UPS Board more than 13 years ago, Kevin Warsh has served as a trusted advisor and colleague. His deep financial markets knowledge, global economic insight, crisis management expertise, and sound judgment have made him an invaluable member of our Board. On behalf of our more than 400,000 employees, we celebrate his nomination and his willingness to serve our country in this key role.”
Chevron CEO Mike Wirth: “The energy sector stands at an inflection point. Energy abundance is a national imperative, AI leadership requires unprecedented power, and geopolitics are reshaping the energy map. Having known Kevin Warsh for decades, he’s uniquely prepared — in judgment, experience, and temperament — to serve our country at this critical time.”
House Majority Leader Steve Scalise: “Kevin Warsh is an excellent pick to serve as the next Chair of the Federal Reserve. His extensive experience makes him well qualified for the role and with Kevin as Chairman, I’m hopeful the Fed can help America’s economy continue to get back on track and restore accountability and greater trust in the institution.”
House Majority Whip Tom Emmer: “Kevin Warsh is another outstanding pick by @POTUS. I hope to sit down with him soon to discuss the importance of maintaining America’s status as the crypto capital of the world and look forward to his swift confirmation in the Senate.”
House Republican Conference Chairwoman Lisa McClain: “President Trump has made a great choice in nominating Kevin Warsh to lead the Federal Reserve! As a former Fed governor, Mr. Warsh has the right experience and deep market expertise. I look forward to his confirmation.”
Rep. Jodey Arrington: “Kevin Warsh is the right man for the job. Kevin is a longtime friend and former White House colleague—one of the smartest and most talented people I have ever served with. Kevin is a conservative economist, financial markets expert, and respected authority on fiscal, monetary, and economic policy. Kevin is a strong leader with deep convictions for free people, free markets, and fiscal responsibility. He has questioned the Fed’s recent failures, criticized the Fed’s overreach of the past, and rightfully admonished the Fed’s complicity in the explosion of our national debt. He has dedicated his career to serving our great country and advancing the principles that made America the most powerful and prosperous nation in human history.”
Rep. Andy Barr: “President Trump has hit another grand slam home run with his nomination of @kev_warsh to serve as the next Chairman of the Federal Reserve Board. Over the years, Kevin has advised me and other members of the @FinancialCmte on monetary policy, interest rates, the economy and the proper role of the Fed. His advice has always been thoughtful, insightful and well-supported. Kevin and I have also connected over the years through our mutual love for the great sport of thoroughbred horseracing. Kevin’s powerful intellect, deep experience as a former Fed Board Governor, and strong background in finance and academia will serve him well in this very important position. He will do great things. Congratulations, Kevin!”
Rep. Vince Fong: “I’d like to congratulate Stanford’s Hoover Distinguished Visiting Fellow Kevin Warsh on his nomination to serve as Chairman of the @federalreserve. A former Fed Governor, Kevin brings steady leadership, deep monetary policy experience, and a strong commitment to reform. @POTUS made a great choice — Kevin understands the challenges facing hardworking Americans and how to keep our economy strong.”
Rep. French Hill: “With his service as member of the Federal Reserve Board of Governors, combined with his decades of academic and financial market experience, Kevin Warsh brings a clear understanding of the responsibilities of the Fed, and I congratulate him on his nomination. He has demonstrated a commitment to fighting inflation and to keeping prices in check for American families and am pleased that President Trump put forward such a qualified nominee.”
Rep. Ashley Hinson: “Excellent news, Mr. President. Congratulations to Kevin Warsh on receiving this nomination to become the next Chairman of the Federal Reserve. Iowans will greatly benefit from his expertise and strong leadership. I look forward to seeing him bring the Federal Reserve back to its core mission to help usher in economic prosperity for all Americans.”
Rep. Bill Huizenga: “I have known and interacted with Kevin Warsh for years. He played a pivotal role in navigating our country through one of the greatest financial crises in our lifetime. Kevin is incredibly qualified and immediately provides credibility as well as stability to this important role.”
Rep. Mike Lawler: “Congratulations to New York native Kevin Warsh on being appointed as Fed Chair! He will do a phenomenal job! Having served on the Federal Reserve under President Bush and at the height of the financial collapse in 2008, he is well prepared to handle these challenging times.”
Rep. Frank Lucas: “Kevin Warsh is the right pick for Fed Chair. Having previously served on the Federal Reserve’s Board of Governors, Mr. Warsh has seen firsthand how to build consensus during times of crisis, both at the Board and the FOMC. As an expert economist, Mr. Warsh will work well with Vice Chair Bowman on the work she’s already begun in right-sizing bank regulation and ensuring capital access across the country. Mr. Warsh’s work at the Fed, in the private sector, and in the executive branch, make him more than qualified to lead the Board as our banking industry undergoes tremendous innovation. As Chairman of the Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity, I look forward to working alongside him to bolster the American economy.”
Rep. Dan Meuser: “@POTUS made an excellent choice in Kevin Warsh to lead the @federalreserve, after months of vetting incredible candidates including Kevin Hassett, Chris Waller, and Rick Rieder. Warsh is a serious, credible choice who understands the magnitude of the job ahead — Fed policy directly affects mortgage rates, borrowing costs, and the price of everyday goods. President Trump has been clear about his priorities: lowering costs, fighting inflation, and restoring affordability, especially in the housing market. Kevin Warsh shares that focus and understands that you don’t fix the economy by crushing it. You restore stability with disciplined monetary policy that supports growth rather than working against it. With experience at the Fed, in the White House, and in the private sector, Kevin Warsh understands how monetary policy impacts real people, real businesses, and long-term economic strength. The Senate should move quickly to confirm him so the Fed can refocus on its core mission and focus on helping our economy grow to the benefit of all Americans.”
Rep. María Elvira Salazar: “Congratulations to my friend @kev_warsh on his appointment as Chairman of the Federal Reserve. Kevin is exceptionally qualified, experienced, and respected, and I am confident his leadership will strengthen our economy and restore trust in our financial system.”
Rep. Jason Smith: “I congratulate my friend, Kevin Warsh, being nominated to be the next Chairman of the Federal Reserve. Kevin has extensive experience with monetary policy, and I have no doubt that President Trump’s great selection will understand the struggles of hardworking Americans and implement policies to ensure our economy is working for them.”
Rep. Elise Stefanik: “This is a very smart nomination by President Trump of Kevin Warsh as Fed Chair. Kevin is a longtime friend and he is a fellow Upstate NY native. He is exactly the right leader at this time to right the ship at the Fed and get our economy back on track for the hardworking families and small businesses across America.”
Rep. Marlin Stutzman: “Kevin Warsh’s nomination as Fed Chair is a PIVOTAL step to unleashing the America First economy. He has decades of market experience, and has already demonstrated his commitment to FIGHTING inflation and keeping prices in check for American families. @POTUS has picked an extremely qualified nominee!”
Rep. Ann Wagner: “Kevin Warsh is fully qualified to serve as Chairman of the Federal Reserve, and his decades of experience will serve him well as he works to ensure American families have confidence in a stable economy. President Trump made an excellent decision to nominate Kevin, and I know he will be a thoughtful steward of his responsibilities as Chair as we all work to fight inflation and support strong economic growth for our nation.”
Rep. Roger Williams: “Congratulations to Kevin Warsh on his nomination to serve as Federal Reserve Chair. As a Member of the @FinancialCmte and Chairman of @HouseSmallBiz, I look forward to working together to advance policies that strengthen economic opportunity for every American.”
In this video, President Trump leads a Cabinet Meeting, highlighting his administration’s achievements and plans for the second year in office.
Key topics covered include:
Economic Growth : Trump emphasizes unprecedented economic growth, record-setting numbers, and a 5.4% GDP growth in the fourth quarter despite a “Democrat shutdown,” which he claims hindered a potential 7% growth. The S&P 500 hitting 7,000 for the first time and the Dow hitting record highs 52 times are cited as evidence of a booming stock market, adding $9 trillion to savings and retirement accounts.
Investments and Job Creation : The President states that $18 trillion in investments have flowed into the country in less than a year, leading to thousands of new businesses, plants, and equipment being built. He contrasts this with the Biden administration’s reported less than $1 trillion in investments over four years.
Inflation and Affordability : Trump discusses efforts to combat inflation, claiming that growth in real incomes is outpacing inflation by over $3,000 under his administration, contrasting it with a $34,000 cost to typical families under “Biden inflation.” He highlights falling gasoline prices (below $2 in many areas), decreasing grocery prices, airfares, hotels, car payments, and rent. He also claims his administration inherited the highest inflation in 48 years.
Tax Cuts : Millions of Americans are expected to receive record-setting tax refunds, with an average refund over $1,000 higher than ever before, thanks to the administration’s tax cuts. He contrasts this with the Democrats’ proposal for the “largest tax hike ever.” He also mentions no tax on overtime, tips, or social security, and a new interest deduction for car loans.
US Manufacturing and Tariffs : Trump attributes the return of car companies and manufacturing plants to the US from Mexico, Canada, Japan, and Germany to tariffs, which companies want to avoid paying. He highlights that for the first time in 26 years, the US produced more steel than Japan, directly linking this achievement to tariffs.
Drug Prices : The administration aims to bring down prescription drug prices by 80-90% through a “most favored nation” policy, where the US will pay the lowest price for drugs globally. This policy was achieved by threatening tariffs on other imported goods.
Foreign Policy and Hostage Release : The President discusses progress in the Middle East, including securing the release of the last hostage. He credits Hamas for assisting in the return of both living and deceased hostages. He also touches on efforts to demilitarize terrorists and establish an “all-Arab government.”
Russia-Ukraine Conflict : Steve Witkoff details progress made in peace talks between Russia and Ukraine since Geneva, including a largely finished security protocol and prosperity agreement. Trump personally requested President Putin to halt firing on Ukrainian cities for a week due to extreme cold, which Putin agreed to.
Trump Accounts and Future Economic Outlook : Scott Bessent highlights the success of “Trump Accounts,” with a million sign-ups in a week, and predicts 25 million eligible families. He anticipates a “Trump boom” in 2026, driven by supply-side policies, wage gains, and low prices. He also reiterates the positive impact of tariffs on US manufacturing and investments.
President Trump has announced the new Trump Accounts program, a groundbreaking initiative designed to provide every newborn American child with a significant financial head start (3:18). This program aims to inject an estimated $3 to $4 trillion into the hands of young Americans (4:18).
Key Features of Trump Accounts:
Automatic Account Creation: The U.S. government will automatically establish a tax-free investment account for every newborn (7:13).
Initial Funding: Each account will receive a seed contribution of $1,000 (7:43), designed to grow and compound over the child’s lifetime.
Additional Contributions: Family members, employers, churches, and states can contribute up to $5,000 annually to these accounts (7:54).
Significant Growth Potential: With even modest contributions, an account could reach $50,000 by age 18 (8:01), with potential for accounts to exceed $300,000 per child with greater contributions (8:16).
Trump emphasized that this program is a departure from historical norms, aiming to provide children with real assets and financial freedom rather than inherited debt (9:20). He also highlighted a substantial $6.25 billion donation from Michael and Susan Dell (9:47), which will fund Trump Accounts for an additional 25 million children aged 10 and under.
The program is slated to officially launch on July 4th (30:13) and will be accessible via trumpaccounts.gov (30:24). Numerous major companies, including Uber, Schwab, Charter Communications, Intel, Nvidia, Broadcom, IBM, and Comcast, have already committed to incorporating Trump Account contributions into their employee benefits (32:07). Additionally, Visa is developing a platform to allow credit card cashback rewards to be deposited directly into these accounts (37:45).
Trump in Iowa, January 27, 2026: A “One-Year Turnaround” Speech Focused on Jobs, Borders, and Farm-State Wins
CLIVE, Iowa (January 27, 2026) — President Donald Trump returned to Iowa to deliver a rally-style address built around a single theme: the administration’s first-year results and the next set of priorities he wants Congress to lock in ahead of the 2026 midterms. The event blended celebration, policy rollouts, and a direct political ask—keep the House and Senate to protect and expand the agenda.
A familiar Iowa message: “We’re back where it started”
Trump framed Iowa as the state that helped launch his return to office, using the setting to connect campaign momentum to governing outcomes. He thanked caucus-goers and voters for what he portrayed as the foundation of the administration’s governing mandate—especially on the economy, immigration enforcement, and energy.
The core achievement pitch: growth, investment, and “America First” trade
A central section of the speech focused on what Trump described as a rapid economic rebound—rising investment, improving incomes, and strong financial-market performance. He repeatedly credited tariffs and trade leverage as tools to drive domestic production and encourage companies to expand inside the U.S., citing major manufacturers and new plant activity as examples of the trend he wants to accelerate.
Farm country priorities: ethanol and market access
In Iowa, the administration’s most locally resonant deliverables are tied to agriculture—and Trump leaned into that.
Year-round E15 (15% ethanol) was one of the biggest applause lines. Trump told the crowd he expects Congress to send him a bill supporting year-round E15 and said he would sign it quickly, positioning this as a direct win for corn growers, ethanol producers, and consumers.
He also highlighted trade openings and export purchases he attributed to U.S. trade negotiations, presenting them as expanded demand for American farm products.
Tax relief framing: “keep more of your paycheck”
Trump used the Iowa stage to sell the administration’s tax-and-take-home-pay messaging, spotlighting three headline items he wants associated with the first-year story:
No tax on tips
No tax on overtime
No tax on Social Security (for seniors)
To make the policy message tangible, he invited local workers to the stage and described how these changes, in the administration’s framing, are meant to boost household finances—especially for service workers and hourly employees.
Housing: pushing back on institutional competition for single-family homes
One of the clearest “governing” moments in the speech was housing.
Trump pointed to a newly signed executive order aimed at limiting the role of large institutional investors in the single-family housing market—presenting it as a pro-homeownership move designed to keep the “American dream” within reach for families and first-time buyers. The White House published the order as “Stopping Wall Street from Competing with Main Street Homebuyers.”
Border and public safety: enforcement as a signature result
Trump also emphasized border enforcement and public safety outcomes, repeatedly stating that the administration has moved aggressively to secure the southern border and expand deportation operations—particularly targeting criminals. These themes were central to the event’s structure and coverage, and Trump cited polling he said supports the administration’s approach.
The political bottom line: midterms as the “protect the agenda” election
While the speech highlighted a long list of results and priorities, the closing logic was straightforward: the administration’s next phase depends on keeping Congress. Trump told the crowd that losing the midterms could jeopardize tax policy and other priorities, and he explicitly framed the Iowa stop as part of a broader midterm push.
Why this Iowa speech was designed to land
In a single night, the White House packaged its first-year story into a tight, Midwestern-friendly frame:
Economic momentum and reshoring (investment, production, tariffs)
Farm-state deliverables (E15, trade and market access emphasis)
Paycheck priorities (tips, overtime, seniors)
Housing action (institutional buyer restrictions)
Border and law-and-order emphasis (enforcement and removal operations)
That combination is not accidental: it’s a governing record presented in campaign form—built to reinforce core supporters while putting concrete, kitchen-table policies at the center of the argument going into 2026.