Trump says he’ll change name to ‘Gulf of America,’ blasts Jimmy Carter over Panama Canal
Antoine Gyori – Corbis/Corbis via Getty Images
(WASHINGTON) — President-elect Donald Trump, speaking at Mar-a-Lago on Tuesday, blasted President Joe Biden’s final actions before leaving office.
Trump accused the outgoing administration of not providing a “smooth transition.”
Trump kicked off the presser by announcing a $20 billion investment in the U.S. from DAMAC Properties, a Middle East-based company. He said the investments will focus on building new data centers across the Midwest and Sun Belt.
He quickly shifted focus, however, to criticizing the Biden’s recent moves — including a ban all future offshore oil and natural gas drilling off America’s East and West coasts.
“We are inheriting a difficult situation from the outgoing administration, and they’re trying everything they can to make it more difficult,” Trump said.
On Biden’s oil drilling ban, Trump vowed: “I will reverse it immediately. It’ll be done immediately. And we will drill baby drill.”
The president-elect also claimed he would rename the Gulf of Mexico to the “Gulf of America.”
“What a beautiful name. And it’s appropriate. It’s appropriate,” he said.
Trump also continued his public push for the U.S. to control the Panama Canal and Greenland. Asked by a reporter if he would commit to not using military force or economic coercion in his quest to acquire the territories, he flatly said no.
“No, I can assure you on either of those two. But I can say this, we need them for economic security,” Trump said.
The president-elect went on to criticize former President Jimmy Carter, whose remains are being transported to Washington on Tuesday for a state funeral, for ceding control of the critical waterway to the Central American nation.
“Giving the Panama Canal is why Jimmy Carter lost the election, in my opinion, more so maybe than the hostages,” Trump said, calling it a “very big mistake” on Carter’s part.
Trump, who last held a news conference in mid-December, is speaking to the press one day after his 2024 election victory was certified by Congress. The Monday ceremony, which marked a return to a peaceful transition, came exactly four years after a mob violently stormed the Capitol and disrupted the counting of President Biden’s electoral win.
Republicans are preparing for Trump to visit Washington on Wednesday, ABC News has learned. Currently, lawmakers are debating how best to fund Trump’s major policy initiatives once he is back in the White House.
This is Trump’s second news conference since becoming president-elect.
This is a developing story. Please check back for updates.
(WASHINGTON) — In a new letter, Democratic lawmakers are asking federal regulators to look into legal and ethical questions around the meme cryptocurrency coins launched by President Donald Trump and the first lady.
The letter formally raises concerns about the risk of foreign countries trying to curry influence by buying the coins — and the ethics of Trump making “extraordinary profits off his presidency.”
Sen. Elizabeth Warren, the top Democrat on the Senate Banking Committee and an advocate for crypto regulation, co-wrote the letter with Rep. Jake Auchincloss, D-Mass., who sits on the House Committee on Energy and Commerce.
Warren and Auchincloss point to the foreign emoluments clause of the U.S. Constitution, which states “[N]o Person holding any Office of Profit or Trust under [the United States], shall, without the Consent of the Congress, accept of any present, Emolument, Office, or Title, of any kind whatever, from any King, Prince, or foreign State.”
“Anyone, including the leaders of hostile nations, can covertly buy these coins, raising the specter of uninhibited and untraceable foreign influence over the President of the United States, all while President Trump’s supporters are left to shoulder the risk of investing in $TRUMP and $MELANIA,” Warren and Auchincloss wrote to the Office of Government Ethics, the Treasury Department, the Commodity Futures Trading Commission and the Securities and Exchange Commission.
The meme coins also pose a conflict of interest, they write, because Trump’s family members are expected to directly profit off an industry he is charged with regulating. The president nominates the Chairs of the Commodity Futures Trading Commission, and Securities and Exchange Commission, the Directors of the Financial Crimes Enforcement Network and Consumer Financial Protection Bureau, and the Secretary of the Treasury.
“This creates an unavoidable conflict of interest, as he will be in a position to both benefit directly from the sale of the tokens while also setting the policy on how these markets are regulated. He will be in a position to seek commitments from agency heads, to not only decide how the market is valued, but to implement lax policies to crack down on crypto scams like pump-and-dump schemes that are regularly conducted through meme coins,” the letter says.
ABC News reached out to the White House for comment.
Trump launched the $TRUMP coin Friday night, just days before he took office. Its estimated value is now $7 billion, according to CoinGecko. The $MELANIA coin is worth around $400 million. A big share of the profits from these coins go toward Trump and his businesses, according to financial disclosures. (If Trump divests of his interests in these companies like he did with most of his assets during his first term, his family could still profit off them.)
Meme coins are a highly volatile type of cryptocurrency that allow people to bet on a popular personality or trend.
On Thursday, Trump signed an executive order seeking to support the expansion of cryptocurrencies.
(WASHINGTON) — President Donald Trump’s rapid reshaping of the federal government continues with executive orders and action from his acting agency heads.
Federal departments face a 5 p.m. deadline Tuesday to cease spending on any financial assistance programs, according to a memo from the White House’s Office of Management and Budget. More firings of career officials at the Justice Department unfolded on Monday and Trump signed four military executive orders, one targeting transgender service members.
Meanwhile, Homeland Security Secretary Kristi Noem joined immigration enforcement operations in New York. More Trump Cabinet nominees, including Robert F. Kennedy Jr. and Tulsi Gabbard, will face highly-anticipated confirmation hearings later this week.
EPA temporarily pauses disbursement of federal financial aid
The Environmental Protection Agency is “temporarily pausing” its disbursement of federal financial aid in response to the order from the White House Office of Management and Budget, the agency confirmed in a statement to ABC News.
The EPA grants fund a wide array of national, state and tribal programs, including some to assist with air and water quality. A list of its grant programs can be found here.
The agency said it is “continuing to work with OMB as they review processes, policies, and programs, as required by the memorandum.”
-ABC News’ Kelly Livingston
Karoline Leavitt, youngest WH press secretary, to hold 1st briefing
Karoline Leavitt will make her first appearance behind the podium in the James S. Brady briefing room on Tuesday.
Leavitt, 27, is the youngest White House press secretary in history. She served as the spokesperson for Trump’s 2024 campaign and transition team.
On Monday, she held her first gaggle with reporters aboard Air Force One. There, she fielded questions on Trump’s upcoming moves on FEMA and his attempts to end birthright citizenship. She’ll face more questions, likely about Trump’s recent actions regarding the military and federal aid programs, at 1 p.m.
Trump weighs in on possible deal for Microsoft to buy TikTok
President Donald Trump discussed a possible deal for Microsoft to buy TikTok while speaking with reporters by phone from Air Force One on Monday evening.
Trump was asked whether Microsoft was in discussions to acquire the embattled social media app amid its looming U.S. ban deadline.
“I would say yes,” Trump said, before adding, “A lot of interest in TikTok, there’s great interest there.”
When asked whether he liked the idea of a bidding war for the app, Trump said he likes bidding wars.
“I like bidding wars because you make your best deal,” he said.
“It’s very clear, if I sign, then somebody’s going to buy it, pay a lot of money, have a lot of jobs, keep a platform open and have it be very secure. If I don’t sign, then it closes,” Trump added of TikTok’s future in America.
He was asked about what other companies were looking to buy the app, and he declined to respond but said that they are all “top of the line.”
White House budget office suspends federal financial aid programs for internal review
The White House budget office is ordering federal agencies to cease any financial assistance spending if they suspect the program might conflict with President Donald Trump’s executive orders.
In a memo obtained by ABC News, Matthew Vaeth, acting director of the Office and Management and Budget, told agency chiefs that they must report back by Feb. 10 on all programs that apply.
“The memo requires federal agencies to identify and review all federal financial assistance programs and supporting activities consistent with the President’s policies and requirements,” according to the document.
The memo says it is directed at programs providing “financial assistance for foreign aid, non-governmental organizations, DEI, woke gender ideology and the Green New Deal.”
The order does not specify which financial aid programs would have to be suspended, although it could have sweeping implications. The federal government funds thousands of programs, including research programs, housing subsidies and educational grants.
Quakers sue to keep ICE out of houses of worship
Five Quaker congregations sued the Department of Homeland Security on Monday over last week’s policy reversal that allows immigration agents to conduct searches and arrests in so-called “sensitive areas” like churches and schools.
The Quaker groups, known as the Religious Society of Friends, alleged that the policy change harms their congregations by deterring immigrants from worshipping in person, violating their First Amendment rights to freely associate and exercise religion.
“Allowing armed government agents wearing ICE-emblazoned jackets to park outside a religious service and monitor who enters or to interrupt the service and drag a congregant out during the middle of worship is anathema to Quaker religious exercise,” the federal lawsuit filed in Maryland said.
Quaker worship generally involves multiple congregants sitting together in silence to await a message from God, which can be received and shared by anyone in attendance, according to the lawsuit.
“Being able to receive those messages is fundamental to Quaker religious exercise,” the lawsuit said.
“Criminals will no longer be able to hide in America’s schools and churches to avoid arrest,” Acting Department of Homeland Security Secretary Benjamine Huffman said in a statement announcing the policy change on Jan. 24. “The Trump Administration will not tie the hands of our brave law enforcement, and instead trusts them to use common sense.”
-ABC News’ Peter Charalambous, James Hill and Laura Romero
Trump says he wants to deport ‘repeat offenders’ in US legally
Trump said Monday he wants to deport repeat criminal offenders who are in the U.S. legally, offering that they be held in foreign jails.
“I don’t want these violent repeat offenders in our country any more than I want illegal aliens from other countries who misbehave,” Trump said during his remarks at the House GOP retreat.
“This is subject to getting it approved, but if they’ve been arrested many, many times, they’re repeat offenders by many numbers, I want them out of our country,” he added. “We’ll be seeking permission to do so. We’re going to get approval hopefully to get them the hell out of our country along with others.”
Trump suggested that they could be maintained in a foreign country “for a very small fee.”
-ABC News’ Fritz Farrow
ICE arrests 1,179 undocumented immigrants on Monday
The U.S. Immigration and Customs Enforcement said it arrested 1,179 undocumented immigrants on Monday.
That marks an increase from Sunday, when the agency said it made 956 such arrests.
ICE is operating at an increased tempo since the new administration took office.
-ABC News’ Luke Barr
Trump says DeepSeek is a ‘wake-up call’ for American companies
During his remarks at the House GOP retreat, Trump discussed the emergence of Chinese AI technology DeepSeek, saying it should be a “wake-up call” for American companies.
“The release of DeepSeek AI from a Chinese company should be a wake-up call for our industries that we need to be laser-focused on competing to win, because we have the greatest scientists in the world, even Chinese leadership told me that,” Trump said.
He also cast the technology as an “asset” for how it could revolutionize technology due to its less-expensive method.
Trump said that he hoped American companies could come up with the “same solutions” without investing billions of dollars and repeated his promise to “unleash” American tech companies to “dominate the future.”
-ABC News’ Michelle Stoddart
CDC officials told to cease communications with the WHO
Public health officials at the Centers for Disease Control and Prevention have been told to cease communications with the World Health Organization, an official with the Department of Health and Human Services confirmed to ABC News.
This comes after Trump signed an executive order on his first day of office ordering the withdrawal of the U.S. from the WHO. The U.S. is the biggest financial contributor to the global public health organization and public health experts immediately denounced the move as a risk to national security and pandemic outbreak prevention.
Any country’s withdrawal from the WHO is supposed to be preceded by a one year advance notice, which experts interpreted Trump’s executive order to serve as. But the recent order for CDC public health officials to immediately stop communicating with their WHO counterparts suggests that Trump is not adhering to those governing rules.
-ABC News’ Cheyenne Haslett
Trump addresses new executive orders on the military
Trump said “in a little while” he will be signing four new executive orders addressing the military, during his remarks at a retreat of House Republicans at his Doral golf resort in Miami on Monday.
One will direct Secretary of Defense Pete Hegseth to “immediately begin” the construction of an “Iron Dome” missile defense shield, a nod to the Israeli missile defense system.
“We protect other countries, but we don’t protect ourselves,” he said.
Trump said his administration will also “get transgender ideology the hell out of military” and “stop our service members from being indoctrinated with radical left ideologies such as critical race theory.”
Trump didn’t go into detail, though the White House earlier Monday said that Trump is expected to sign an order directing the Department of Defense to update its guidance “regarding trans-identifying medical standards for military service and to rescind guidance inconsistent with military readiness.”
The order will also end the use of pronouns in the Department of Defense and will also prohibit males from “sharing sleeping, changing, or bathing in facilities designated for females.”
Another order that Trump is expected to sign takes aim at diversity, equity and inclusion programs at the Department of Defense and Department of Homeland Security. The order will ban the use of “discriminatory race- or sex-based preferences,” according to a fact sheet about the move.
Trump also addressed another order that will offer a “full reinstatement” to service members who were expelled from the armed forces due to the COVID-19 vaccine mandate.
Scott Bessent confirmed as treasury secretary
The Senate on Monday evening confirmed Scott Bessent to serve as secretary of treasury by a vote of 68-29.
Bessent becomes the fifth member of Trump’s team to be confirmed by the Senate, following Marco Rubio, John Ratcliffe, Pete Hegseth and Kristi Noem.
The Senate is now taking a test vote on Sean Duffy’s nomination to lead the Department of Transportation. He’s expected to easily clear this procedural hurdle to tee up a final vote likely on Wednesday.
-ABC News’ Allison Pecorin
Trump: ‘Am I allowed to run again?’
During his remarks at a retreat of House Republicans at his Doral golf resort in Miami on Monday, Trump raised the questiion whether he could run for a third term.
“I’ve raised a lot of money for the next race that I assume I can’t use for myself, but I’m not 100% sure, because I don’t know,” he said to some laughs in the crowd. “I think I’m not allowed to run again. I’m not sure, am I allowed to run again?”
Last week, Rep. Andy Ogles, R-Tenn. introduced a House joint resolution to allow a president to be elected for no more than three terms, instead of two.
Air Force chief of staff releases statement on Tuskegee Airmen videos
Air Force Chief of Staff Gen. David W. Allvin wrote a statement Monday regarding curricula on the Tuskegee Airmen and women pilots, saying no such material has been removed from basic military training.
“Allow me to clearly dispel a rumor — while we are currently reviewing all training courses to ensure compliance with the Executive Orders, no curriculum or content highlighting the honor and valor of the Tuskegee Airmen or Women Air Force Service Pilots has been removed from Basic Military Training,” Allvin wrote. “The historic legacy and decorated valor these Airmen embodied during World War II and beyond will continue to guide our newest recruits and all who serve in our ranks.”
The statement comes after an Air Force spokesperson confirmed to the Associated Press that training courses with such videos were removed last week after Trump’s executive order to eliminate DEI initiatives in the federal government. The Air Force later clarified to the AP that the courses were edited but that the Tuskegee Airmen and WASP content would still be shown.
Allvin also said in his own statement on Monday that the Air Force is “faithfully executing” all of Trump’s executive orders, including on DEI.
JD Vance surveys hurricane damage in Virginia
Vice President JD Vance’s first official trip since taking office was to Damascus, Virginia, to survey damage from last year’s devastating Hurricane Helene.
In remarks alongside Republican Gov. Glenn Youngkin, Vance said he was heartened by the stories he’s heard on the ground of “good people helping their neighbors rebuild.”
Without providing evidence, he also criticized the federal response to the flooding, claiming federal agencies had acted as “a barrier, as opposed to a facilitator” of getting resources into the communities who needed it.
This comes on President Donald Trump’s assessment of storm damage in North Carolina last Friday. During that visit, he floated getting rid of FEMA. He also signed two executive orders Friday that focused on emergency response, one of which creates a task force to conduct a “a full-scale review” of FEMA.
Vance was asked about what changes he would like to see made to FEMA, including possibly eliminating the agency. Vance did not mention the agency being terminated, which Trump could not do unilaterally, but once again reinforced the idea that bureaucrats were getting in the way of rebuilding.
-ABC News’ Michelle Stoddart
Trump spoke with India’s Modi
President Donald Trump spoke with India’s Prime Minister Narendra Modi on Monday, continuing his calls with foreign leaders since taking office. Trump’s first call was to Saudi Arabia’s crown prince Mohammed bin Salman.
Trump and Modi discussed “expanding and deepening cooperation” between their countries along with “a range of regional issues, including security in the Indo-Pacific, the Middle East, and Europe,” the White House said.
“The President emphasized the importance of India increasing its procurement of American-made security equipment and moving toward a fair bilateral trading relationship,” according to a readout of the call.
The two leaders also talked about plans for Modi to visit the White House. The prime minister visited the White House as well as former President Joe Biden’s home in Wilmington during the previous administration and made visits to the White House during the first Trump administration.
-ABC News’ Molly Nagle
Mexico’s received 4,094 migrants deported from US, president says
Mexico President Claudia Sheinbaum said her country has received 4,094 migrants, most of whom are Mexican nationals, deported from the U.S. since Jan. 20.
“Mexico has a very important history of repatriation with the United States. First with the Trump administration and then with the Biden administration. There are coordination mechanisms,” Sheinbaum said. “We ask for respect for human rights.”
Sheinbaum said four planes with deportees arrived this past weekend. But she noted it has happened in the past and that there has not been “a sustained increase” of deportations.
-ABC News’ William Gretsky
VA says 60 employees placed on leave after DEI order implementation
The Department of Veterans Affairs announced it has completed its initial implementation of ending its DEI program, which has included placing nearly 60 employees on paid administrative leave. The release said the employees in question had been solely focused on DEI initiatives.
According to the release, the combined annual salary of those employees totals more than $8 million, an average of more than $136,000/year per employee. One such employee is making more than $220,000 per year.”
Additionally, the VA has identified other DEI-related expenses totaling more than $6.1 million, which the department said it is working to cancel.
This comes after President Donald Trump signed an order last week to eliminate DEI initiatives in the federal government. Defense Secretary Pete Hegseth earlier Monday indicated Trump would take more executive action toward “fully removing DEI inside the Pentagon.”
-ABC News’ Nathan Luna
Trump to sign executive order reinstating service members removed for refusing COVID vaccine
President Donald Trump will sign two executive orders relating to the military, a White House official confirmed to ABC News.
The first executive order Trump is expected to sign will reinstate service members removed from the military for refusing the COVID-19 vaccine, restore their rank, and provide back pay.
The second executive order directs the Department of Defense to determine a policy regarding transgender service members based on readiness. It does not put an immediate ban on trans service members. It simply directs the DOD to come up with a policy.
Last week, Trump revoked a Biden administration order allowing transgender people to serve in the military.
– ABC News’ Hannah Demissie
Trump cabinet confirmation hearings this week
All eyes will be on the Senate this week as confirmation hearings continue for Trump’s cabinet choices.
Health and Human Services pick Robert F. Kennedy Jr. will be facing the Senate Finance Committee on Wednesday morning.
On Thursday, FBI nominee Kash Patel’s hearing before the Senate Judiciary Committee will take place, in addition to Director of National Intelligence nominee Tulsi Gabbard’s hearing before the Senate Select Committee on Intelligence.
Army Secretary nominee Daniel Driscoll’s confirmation will also be voted on Thursday before the Senate Armed Services Committee.
Texas Gov. Abbott to send 400 troops, military resources to Rio Grande Valley
Texas Gov. Abbott is sending an additional 400 soldiers from military bases in Forth Worth and Houston to assist Border Patrol and the Trump administration’s mission to “secure the border.”
The 400 soldiers join the thousands of troops Abbott has already deployed under his border mission, Operation Lone Star.
In addition to troops, he’ll also be sending C-130s and Chinook helicopters.
“Texas has a partner in the White House we can work with to secure the Texas-Mexico border,” Abbott said in a statement, thanking Trump for his “decisive leadership on the southern border.”
– ABC News’ Armando Garcia
Hegseth responds after uproar over removal of Tuskegee Airmen video
Defense Secretary Pete Hegseth on Sunday had to respond to criticism after videos of Tuskegee Airmen and Women Air Force Service Pilots were removed from basic training courses, according to a report from Reuters.
An official told Reuters the videos were removed pending a review to comply with Trump’s order to eliminate DEI efforts in the federal government. Hegseth, too, has made eliminating DEI from the military a top priority.
But uproar quickly grew over the removal of the videos, including from Alabama Republican Sen. Katie Britt. Britt called the removal of the videos “malicious compliance” that had to be corrected.
“We’re all over it Senator. This will not stand,” Hegseth said in response. Hours later, he posted, “This has been immediately reversed.”
Reuters reported on Sunday that the Air Force said the videos will be taught.
Trump signs executive orders for ‘full-scale review’ of FEMA, seeks control over California water system
President Donald Trump signed two executive orders Friday focused on emergency response, one which creates a task force to conduct a “a full-scale review” of FEMA to “recommend to the President improvements or structural changes to promote the national interest and enable national resilience.”
The task force — which is intended to be no larger than 20 people — is expected to “meet regularly” for a year. Among the directives in the order is to evaluate “whether FEMA can serve its functions as a support agency, providing supplemental Federal assistance, to the States rather than supplanting State control of disaster relief.”
They could recommend that FEMA be dismantled, but Congress would need to act in order to do away with the agency.
The second executive order, called “Emergency Measures To Provide Water Resources In California And Improve Disaster Response In Certain Areas,” calls for a plan for the federal government to assert power over California’s water system.
One section outlines actions for the government to go around state and federal law to more directly assert control of California’s water management — though it’s not clear how much of an impact this order will have.
– ABC News’ Molly Nagle
Pete Hegseth arrives for 1st full day at Pentagon as defense secretary
Arriving for his first full day at the Pentagon as defense secretary, Pete Hegseth stopped to talk to reporters to lay out some of his priorities.
“It’s an honor to be here,” Hegseth said after being greeted by Gen. CQ Brown Jr., chairman of the Joint Chiefs of Staff.
Hegseth said that would include removing DEI efforts inside the Pentagon, reinstating service members discharged because of COVID-19 vaccine mandates and building an Iron Dome — though experts have said the latter may not be realistic for the U.S.
He also said the Pentagon would provide “whatever’s needed” at the southern border as Trump carries out his immigration crackdown.
Hegseth previously suggested the firing of Brown as well as other senior officers who were involved either in the chaotic withdrawal of troops from Afghanistan or “woke” DEI initiatives.
Asked on Monday if he wants to fire Brown, Hegseth said: “I’m standing with him right now. Look forward to working with him.”
Ricky Carioti/The Washington Post via Getty Images
(WASHINGTON) — President Donald Trump, six weeks into his historic return to the White House, delivered the longest joint address to Congress in history on Tuesday night.
Trump triumphantly took the dais to thundering applause from Republican majorities in the House and Senate, but the mood changed within minutes as he faced heckles from some raucous Democrats.
The president, though, signaled he is forging full steam ahead with his agenda (however divisive) as he claimed a “mandate” from American voters.
Here are the key takeaways:
‘America is back’
Trump opened his address by declaring to Congress and the nation: “America is back.”
A chant of “USA” immediately broke out among lawmakers as Republicans rose to their feet.
Trump quickly turned to touting the lightning speed with which he’s sought to enact his agenda, arguing his administration’s “accomplished more in 43 days than most administrations accomplished in four years or eight years — and we are just getting started.”
Democrats interrupt, and one gets removed
But as Trump turned to talking about the 2024 election, claiming a wide “mandate” though data shows the victory isn’t the total landslide he’s often portrayed.
When Trump said he won the popular vote by “large numbers,” Democrats began audibly pushing back. Rep. Al Green of Texas was seen out of his seat and shaking his cane at Trump as he shouted, “There’s no mandate.”
Speaker Mike Johnson was slamming his gavel to restore order to the joint session and issued a warning to members to maintain decorum. Johnson shortly after instructed Green be removed from the chamber by the sergeant at arms after telling him to take his seat several times.
The back-and-forth between Trump and Democrats continued throughout the speech. At one point, Trump lashed out at Sen. Elizabeth Warren, bringing back his 2018 taunt of calling her “Pocahontas.”
Democrats held up signs that said “false” and “Musk steals.” Several walked out of the chamber as he was speaking.
Trump continues to take aim at Biden
Trump repeatedly went after former President Joseph Biden, continuing to criticize him for issues at the border or with the economy.
“The worst president in American history,” Trump said of Biden.
Trump is only six weeks into his second term, but already Americans are expressing dissatisfaction with many of his policies. A 538 analysis of public opinion polls found his approval rating on actions related to health care, foreign policy, government funding, trade and more to be underwater.
Trump praises Elon Musk and DOGE
Elon Musk, a controversial but highly influential adviser in Trump’s orbit, was in the chamber for Trump’s remarks. He left the White House for the speech moments before Trump and, like the president, received applause upon his arrival though it was more muted.
Trump spent a considerable amount of time early in his remarks praising Musk and the Department of Government Efficiency’s work slashing government spending and the federal workforce.
“The brand-new Department of Government Efficiency, DOGE. Perhaps you’ve heard of it. Perhaps. Which is headed by Elon Musk, who is in the gallery tonight. Thank you Elon. He’s working very hard. He didn’t need this. He didn’t need this. Thank you very much. We appreciate it. Everybody here, even this side appreciates it, I believe,” Trump said.
The president read a laundry list of the alleged “waste, fraud and abuse” he claims DOGE has identified. He made several misleading claims about Social Security in the process, including that millions of Americans over the age of 100 were receiving benefits, which has been debunked.
Trump claimed DOGE’s work will help the economy overall.
“By slashing all of the fraud, waste and theft we can find, we will defeat inflation, bring down mortgage rates, lower car payments and grocery prices, protect our seniors, and put more money in the pockets of American families,” he said.
Pocket-book issues get little attention as Trump defends tariffs After hammering Biden on the economy during the 2024 campaign and pledging to voters to bring down prices on Day 1, Trump didn’t spend much time discussing how exactly he’d lower prices as he continued to lay blame on Biden.
“As president, I’m fighting every day to reverse this damage and make America affordable again,” Trump said in one of his only mentions of grocery prices. “Joe Biden especially let the price of eggs get out of control. The egg price is out of control, and we’re working hard to get it back down.”
The comment again sparked pushback from Democrats. The price of eggs has skyrocketed under Trump amid an avian flu outbreak.
Trump said the focus on how to defeat inflation will be on reducing the cost of energy and taxpayer savings through DOGE.
Trump, meanwhile, offered a defense of his tariffs against Canada, China and Mexico — which sent markets roiling on Tuesday. He said more “reciprocal” tariffs were in store.
“Tariffs are not just about protecting American jobs they’re about protecting the soul of our country. Tariffs are about making America rich again,” he said.
Trump saved foreign policy for the end of his address. He again said his administration would “reclaim” the Panama Canal for national security reasons, and said they were trying to get Greenland for similar reasons.
After an explosive meeting with Ukrainian President Volodymyr Zelenskyy in the Oval Office last week, Trump said he received from Zelenskyy earlier Tuesday and read part of it aloud.
“I appreciate that he sent this letter, just got it a little while ago,” Trump said, appearing to signal tensions have cooled a bit.
“Simultaneously, we’ve had serious discussions with Russia and have received strong signals that they are ready for peace. Wouldn’t that be beautiful?” he said.
Trump also briefly touched on the Middle East, saying his administration is working to bring back hostages held in Gaza and that he wants to build on his 2019 Abraham Accords to bring stability to the region.
