President Donald Trump announced a new visa program called the “Gold Card.”
This visa costs $5 million and is designed for wealthy foreign investors. The Gold Card will offer a direct path to U.S. citizenship and replace the current EB-5 visa program, which has faced criticism.
President Trump stated that the Gold Card would ‘create jobs and boost the U.S. economy.
The Gold Card will provide green card privileges and a path to citizenship, making it an attractive option for those with significant financial resources.
Trump aims to attract wealthy individuals who can create jobs and boost the U.S. economy.
The program is expected to start in about two weeks. Trump mentioned that selling up to 10 million Gold Cards could help reduce the national deficit.
Source | AP News | Press Conference: Oval Office White House Washington D.C
To Know More about National Deficit
As of February 2025, the U.S. national deficit stands at approximately $840 billion.
This means that the government has spent $840 billion more than it has earned so far this fiscal year. When we talk about a deficit, we’re referring to the situation where the government’s expenses surpass its income, like from taxes, during a specific time frame, usually a fiscal year.
Compared to the same period last year, this deficit has increased by about $308 billion. This means that during the same months last year, the deficit was $308 billion less. In other words, the government is spending even more now compared to the previous year, widening the gap between spending and revenue by $308 billion.
Source: Fiscal Data USA: Treasury