Politics
Saudi Arabia Says It Will Increase U.S. Trade and Investment by $600 Billion
Crown Prince Mohammed bin Salman of Saudi Arabia told President Trump on Wednesday that the kingdom intends to increase its investment and trade with the United States by at least $600 billion over the next four years, according to the official Saudi Press Agency.
Mr. Trump has promised to accelerate investment in the United States, particularly to help revive manufacturing, and warned of retaliation, including tariffs, against any governments he sees as acting against U.S. interests.
The crown prince, the de facto leader of Saudi Arabia, told Mr. Trump that his new administration had the ability to create “unprecedented economic prosperity” in the United States and that his country wanted to participate, a statement from the Saudi Press Agency said.
There was no immediate confirmation of the call from the White House.
The Saudi promise followed what have been seen as public displays of fealty to Mr. Trump by America’s biggest tech companies and some of Silicon Valley’s most powerful executives. While campaigning last year, he said he would use a mix of tax cuts and tariffs to force companies to invest in the United States.
On Tuesday, Mr. Trump announced Stargate, a joint venture between OpenAI, SoftBank and Oracle that is intended to create at least $100 billion in artificial intelligence infrastructure. The initiative could invest as much as $500 billion over four years.
Saudi Arabia was Mr. Trump’s first stop during his first foreign trip as president in 2017, and he pursued major deals with the kingdom, including arms sales, during that term.
Mr. Trump told reporters in the Oval Office on Monday that Saudi Arabia was his first foreign stop during his previous term because “they agreed to buy $450 billion worth of our product.”
“If Saudi Arabia wanted to buy another 450 or 500, we’ll up it for all the inflation, I think I’d probably go there,” he said, after a journalist asked him which country he planned to visit first in his second term.
Mr. Trump developed a good relationship with the crown prince, standing by him despite the C.I.A.’s assessment that he had likely ordered the killing and dismemberment of the Washington Post columnist Jamal Khashoggi in 2018.
Politics
Trump plans to meet with Venezuela opposition leader Maria Corina Machado next week
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President Donald Trump said on Thursday that he plans to meet with Venezuelan opposition leader Maria Corina Machado in Washington next week.
During an appearance on Fox News’ “Hannity,” Trump was asked if he intends to meet with Machado after the U.S. struck Venezuela and captured its president, Nicolás Maduro.
“Well, I understand she’s coming in next week sometime, and I look forward to saying hello to her,” Trump said.
Venezuelan opposition leader Maria Corina Machado waves a national flag during a protest called by the opposition on the eve of the presidential inauguration, in Caracas on January 9, 2025. (JUAN BARRETO/AFP via Getty Images)
This will be Trump’s first meeting with Machado, who the U.S. president stated “doesn’t have the support within or the respect within the country” to lead.
According to reports, Trump’s refusal to support Machado was linked to her accepting the 2025 Nobel Peace Prize, which Trump believed he deserved.
But Trump later told NBC News that while he believed Machado should not have won the award, her acceptance of the prize had “nothing to do with my decision” about the prospect of her leading Venezuela.
Politics
California sues Trump administration over ‘baseless and cruel’ freezing of child-care funds
California is suing the Trump administration over its “baseless and cruel” decision to freeze $10 billion in federal funding for child care and family assistance allocated to California and four other Democratic-led states, Atty. Gen. Rob Bonta announced Thursday.
The lawsuit was filed jointly by the five states targeted by the freeze — California, New York, Minnesota, Illinois and Colorado — over the Trump administration’s allegations of widespread fraud within their welfare systems. California alone is facing a loss of about $5 billion in funding, including $1.4 billion for child-care programs.
The lawsuit alleges that the freeze is based on unfounded claims of fraud and infringes on Congress’ spending power as enshrined in the U.S. Constitution. The White House did not immediately respond to a request for comment.
“This is just the latest example of Trump’s willingness to throw vulnerable children, vulnerable families and seniors under the bus if he thinks it will advance his vendetta against California and Democratic-led states,” Bonta said at a Thursday evening news conference.
The $10-billion funding freeze follows the administration’s decision to freeze $185 million in child-care funds to Minnesota, where federal officials allege that as much as half of the roughly $18 billion paid to 14 state-run programs since 2018 may have been fraudulent. Amid the fallout, Gov. Tim Walz has ordered a third-party audit and announced that he will not seek a third term.
Bonta said that letters sent by the U.S. Department of Health and Human Services announcing the freeze Tuesday provided no evidence to back up claims of widespread fraud and misuse of taxpayer dollars in California. The freeze applies to the Temporary Assistance for Needy Families program, the Social Services Block Grant program and the Child Care and Development Fund.
“This is funding that California parents count on to get the safe and reliable child care they need so that they can go to work and provide for their families,” he said. “It’s funding that helps families on the brink of homelessness keep roofs over their heads.”
Bonta also raised concerns regarding Health and Human Services’ request that California turn over all documents associated with the state’s implementation of the three programs. This requires the state to share personally identifiable information about program participants, a move Bonta called “deeply concerning and also deeply questionable.”
“The administration doesn’t have the authority to override the established, lawful process our states have already gone through to submit plans and receive approval for these funds,” Bonta said. “It doesn’t have the authority to override the U.S. Constitution and trample Congress’ power of the purse.”
The lawsuit was filed in federal court in Manhattan and marked the 53rd suit California had filed against the Trump administration since the president’s inauguration last January. It asks the court to block the funding freeze and the administration’s sweeping demands for documents and data.
Politics
Video: Trump Says ‘Only Time Will Tell’ How Long U.S. Controls Venezuela
new video loaded: Trump Says ‘Only Time Will Tell’ How Long U.S. Controls Venezuela
transcript
transcript
Trump Says ‘Only Time Will Tell’ How Long U.S. Controls Venezuela
President Trump did not say exactly how long the the United states would control Venezuela, but said that it could last years.
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“How Long do you think you’ll be running Venezuela?” “Only time will tell. Like three months. six months, a year, longer?” “I would say much longer than that.” “Much longer, and, and —” “We have to rebuild. You have to rebuild the country, and we will rebuild it in a very profitable way. We’re going to be using oil, and we’re going to be taking oil. We’re getting oil prices down, and we’re going to be giving money to Venezuela, which they desperately need. I would love to go, yeah. I think at some point, it will be safe.” “What would trigger a decision to send ground troops into Venezuela?” “I wouldn’t want to tell you that because I can’t, I can’t give up information like that to a reporter. As good as you may be, I just can’t talk about that.” “Would you do it if you couldn’t get at the oil? Would you do it —” “If they’re treating us with great respect. As you know, we’re getting along very well with the administration that is there right now.” “Have you spoken to Delcy Rodríguez?” “I don’t want to comment on that, but Marco speaks to her all the time.”
January 8, 2026
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