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.
U.S. Defense Secretary Pete Hegseth allegedly shared sensitive military information about Yemen airstrikes in a group chat with his wife and others, raising concerns over his handling of classified details.
A U.S. air strike on a market in Yemen’s capital has killed at least 12 and wounded dozens, amid escalating attacks targeting Houthi-controlled areas.
The U.S. has expressed support for prolonging Russia’s one-day Easter ceasefire, even as Moscow ruled out an extension and both sides traded blame for violating the truce.
Severe storms and flooding across Oklahoma and Texas have left two dead, including a child, and triggered widespread emergency responses.
DHL Express will suspend global shipments above $800 to U.S. consumers starting April 21, citing delays caused by new customs regulations.
The United States is set to host an energy summit in Alaska in early June, where President Donald Trump’s administration hopes Japan and South Korea will commit to the $44 billion Alaska LNG project, a major energy initiative aimed at expanding U.S. gas exports to Asia.
A large-scale missile and drone strike hit Kyiv overnight, killing at least 12 people in what Ukrainian officials called the most significant attack on the capital this year, as diplomatic efforts to reach a resolution continue.
Harvard University’s endowment is in advanced talks to sell about $1 billion in private equity fund interests, a source familiar with the matter told Reuters on Thursday.
China, Russia and Iran held a joint meeting with the International Atomic Energy Agency (IAEA) on Thursday, focusing on Iran’s nuclear programme.
President Donald Trump said on Thursday that trade talks with China are underway, pushing back against Beijing’s claim that no consultations have occurred.
China has rolled out the world’s first 10-gigabit (10G) fixed broadband network in Xiong'an New Area, promising ultra-fast speeds and low latency through cutting-edge optical infrastructure.
The Holy Fire ceremony stands as one of Christianity's most enduring and mysterious rituals, drawing thousands of pilgrims to Jerusalem each year.
Pope Francis's relationship with Azerbaijan has evolved significantly over the years, characterized by diplomatic exchanges, promotion of religious tolerance, and peace advocacy in the Caucasus region.
Russia launched a major missile and drone assault on Kyiv overnight on April 24, killing at least twelve people and injuring 90, including children and a pregnant woman, according to Mayor Vitali Klitschko.
Severe rainfall on April 17 led to flooding and landslides in the Piedmont region, prompting a large-scale emergency response from over 400 firefighters.
The U.S. military said a missile explosion that killed at least a dozen people near a UNESCO site in Yemen's capital, Sanaa, was caused by a Houthi-fired weapon, not an American airstrike, countering local claims and intensifying scrutiny over the rising civilian toll in the conflict.
The United States is set to host an energy summit in Alaska in early June, where President Donald Trump’s administration hopes Japan and South Korea will commit to the $44 billion Alaska LNG project, a major energy initiative aimed at expanding U.S. gas exports to Asia.
A large-scale missile and drone strike hit Kyiv overnight, killing at least 12 people in what Ukrainian officials called the most significant attack on the capital this year, as diplomatic efforts to reach a resolution continue.
Harvard University’s endowment is in advanced talks to sell about $1 billion in private equity fund interests, a source familiar with the matter told Reuters on Thursday.
President Donald Trump said on Thursday that trade talks with China are underway, pushing back against Beijing’s claim that no consultations have occurred.
The United States is set to host an energy summit in Alaska in early June, where President Donald Trump’s administration hopes Japan and South Korea will commit to the $44 billion Alaska LNG project, a major energy initiative aimed at expanding U.S. gas exports to Asia.
A large-scale missile and drone strike hit Kyiv overnight, killing at least 12 people in what Ukrainian officials called the most significant attack on the capital this year, as diplomatic efforts to reach a resolution continue.
Harvard University’s endowment is in advanced talks to sell about $1 billion in private equity fund interests, a source familiar with the matter told Reuters on Thursday.
China, Russia and Iran held a joint meeting with the International Atomic Energy Agency (IAEA) on Thursday, focusing on Iran’s nuclear programme.
President Donald Trump said on Thursday that trade talks with China are underway, pushing back against Beijing’s claim that no consultations have occurred.
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