U.S. President Donald Trump on Tuesday floated the idea of replacing a visa program for foreign investors with a so-called "gold card" that could be bought for $5 million as a route to American citizenship.
Trump told reporters he will replace the "EB-5" immigrant investor visa program, which allows foreign investors of large sums of money that create or preserve U.S. jobs to become permanent residents, with a so-called "gold card."
The EB-5 program grants "green cards" to foreigners promising to invest in U.S. businesses.
"We are going to be selling a gold card," Trump said. "We are going to be putting a price on that card of about $5 million," he added.
"It's going to give you green card privileges plus its going to be a route to (American) citizenship, and wealthy people would be coming into our country by buying this card," Trump said, adding that details about the scheme will come out in two weeks.
Trump added it is possible Russian oligarchs could qualify for the gold cards, when asked by a journalist if those people would be eligible. "Yeah, possibly. Hey. I know some Russian oligarchs that are very nice people," he said.
The EB-5 Immigrant Investor Program, administered by the U.S. Citizenship and Immigration Services, was created by Congress in 1990 to "stimulate the U.S. economy through job creation and capital investment by foreign investors," according to the USCIS website.
"The EB-5 program ... it was full of nonsense, make believe and fraud, and it was a way to get a green card that was low price. So the president said, rather than having this sort of ridiculous EB-5 program, we're going to end the EB-5 program. We're going to replace it with the Trump gold card," Commerce Secretary Howard Lutnick told reporters on Tuesday.
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U.S. Defense Secretary Pete Hegseth says the United States is making gains in its conflict with Iran after a key Iranian naval target was destroyed, confirming that the strike was carried out by a U.S. submarine off the coast of Sri Lanka. Rescue efforts are now under way for the ship’s crew.
U.S. President Donald Trump said the U.S. military has enough stockpiled weapons to fight wars "forever"; in a social media post late on Monday. The remarks came hours before conflict in Iran and the Middle East entered its fourth day.
China expressed serious concern over the escalating conflict in Iran, confirming that one Chinese national was killed in Tehran. Beijing called for an immediate halt to military operations and a return to diplomatic talks, while other Asian countries have also voiced their positions on the crisis.
Türkiye raised its security level for Turkish-flagged vessels in the Strait of Hormuz to Level 3 on Sunday (2 March). The development follows Iranian restrictions on shipping after U.S. and Israeli strikes and confirmation of Supreme Leader Ali Khamenei’s death.
U.S. President Donald Trump said the U.S. military has enough stockpiled weapons to fight wars "forever"; in a social media post late on Monday. The remarks came hours before conflict in Iran and the Middle East entered its fourth day.
U.S. first lady, Melania Trump chaired a UN Security Council meeting on children and education in conflict on Monday (2 March), a move criticised by Iran as hypocritical following U.S. and Israeli strikes that triggered a UN warning about risks to children.
A torpedo from a U.S. submarine sunk an Iranian warship off the coast of Sri Lanka, U.S. Secretary of Defense, Pete Hegseth told reporters as the Iranian conflcit entered its fifth day on Wednesday.
The U.S. embassy in Riyadh was hit by two drones resulting in a limited fire and some material damage, the kingdom's defence ministry said in a post on X on Tuesday, citing an initial assessment.
Shahid Motahari Sub-Speciality Hospital in northern Tehran and parts of the Golestan Palace were bombed on day two of the U.S.‑Israel strikes. AnewZ Touraj Shiralilou is in Iran's capital city and said that the facility was flattened in an airstrike.
The White House says deploying United States ground troops in Iran is not currently part of the military strategy in the ongoing conflict with Tehran.
Israel has warned residents to leave a significant area in southern Lebanon, instructing them to move north of the Litani River as hostilities with the Iran-backed Lebanese group Hezbollah intensified on Wednesday.
U.S. Defense Secretary Pete Hegseth says the United States is making gains in its conflict with Iran after a key Iranian naval target was destroyed, confirming that the strike was carried out by a U.S. submarine off the coast of Sri Lanka. Rescue efforts are now under way for the ship’s crew.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 4th of February, covering the latest developments you need to know.
Strikes across the Middle East are intensifying, fuelling travel disruption, driving up global energy prices and forcing diplomatic missions to shut their doors.
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