President Donald Trump announced that the United States would not accept any arrangement allowing Iran or Oman to control the Strait of Hormuz, emphasizing that the strait is international waters that must remain open to all nations. The administration stated that Iran's economy is in freefall with 250% inflation, and that Iran's military capabilities have been significantly degraded, with their navy and air force effectively neutralized. The President emphasized that Iran cannot have a nuclear weapon, as this would pose an existential threat to the United States and the world.
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Trump LIVE: Trump Makes MAJOR ANNOUNCEMENT On Opening of Strait of Hormuz | US Iran War | BREAKING追加:
We're a great team. It's been a tremendous period of time for our country and things are going very well.
Number of jobs. We have more people working today than we've ever had before in the history of our country and many other things. And I have a few words to say to you that I think will be helpful.
Last night was incredible. Not only Texas, but so many other places. And the numbers were fantastic. And they've really been that way for a year. If you look, hundreds of people won and almost nobody didn't win. So, but last night was very uh very powerful.
So, I'm thrilled to welcome everyone to the 12th cabinet meeting of our administration. And we're doing something that no administration's ever done. We're always letting the press join us because we're very open and transparent. You like the word transparent, but we're more transparent than any any administration in history.
No, to the best of my knowledge, press has never been invited ever to a cabinet meeting for any reason at all. And uh it's an honor to have you. This team has achieved more than most other administrations achieve in eight years.
We took the most dangerous, unsafe, violent, and open border in the world, anywhere in the world. There's no border like the border we had and created the most secure border in the history of our country. We had no people 12 months now.
No people reported in the last 12 months. Uh came in illegally. Zero illegal aliens admitted to the United States in the last 12 months. And that's those charts are made by you would say politically unfriendly people. And the reason they don't come in is because nobody comes up because they know that uh they're going to be turned away and if they get in they're going to be moved out right away. So, it's been zero.
You're the one that do you do the reports. I'm actually surprised by the number because I don't know how it can be zero, but they say it's zero for the last 12 months. In 2025, we achieved the largest drop in the murder rate ever recorded. So, the murder rate was quite high and we we achieved the largest drop in the murder rate ever recorded to the lowest level in 125 years. That's the year 1900. And that's despite the fact that many people came in from prisons and from very rough countries and from mental institutions and from lots of other places, drug dealers, others. They came in illegally during the Biden administration. We've gotten many of them out, but we still have some that we're looking for. Quite a few that we're still looking for, but we've gotten over 11,888 murderers were allowed into our country.
We've gotten a lot of them out. We've gotten some. We put them in jail. We don't even trust the country to send them because they'll come back in. Maybe we put them in jail. 11,888 murders, more than half of which have committed more than one murder. That's what they allowed in. They should They can never be forgotten for the horrible things they've done to this country.
Fentinol coming across our border is now down by 61%.
61%.
and uh coming in by water, by sea, by ocean uh is down 97%.
Can you imagine? Thanks to our Republican majorities in Congress, we passed the largest tax cuts in American history. All Democrats voted against the tax cuts, putting more money in Americans pockets. This year, the typical family got tax refunds of nearly almost close to $5,000.
The stock market has set 68 all-time record highs since the election. So 68 days we hit all-time highs. We're right there now. And the average 401k. And that's despite the conflict. I don't call it a war. I call it a conflict.
Despite the conflict with Venezuela, who no longer has a navy, no longer has an air force, no longer has a lot of people that were leading the country into very bad places. uh their leadership is gone, their second rung leadership is gone, and we're dealing with their third, half of their third because half of their third is gone, too. The average 401k is up almost $30,000 since I took office.
So, the Americans are benefiting working today. We have the most working and we have 401ks at their all-time high, highest they've ever been. And that goes along with the stock market, which is the highest it's ever been. under my most favorite nation agreements. This is something that I wish the media would talk about because to me it's one of the biggest things ever to happen in our country. Certainly as to medical, anything having to do with medical because drug prices were delivering record setting discounts on prescription drugs with price differences of 400, 500, and even 600% at the trumpx.gov.
We recently added nearly 1,000 lowass lowcost generics to the website. So uh we have drugs down 400 500 600%. Now you could say 80 90 70 60 50% if you want.
There are two ways depends on the way you ask the question. But a pill that would sell in Germany or in let's say in London for $10 was selling for here for $130.
And I got the countries to all agree otherwise they would have had to pay big tariffs. Uh I don't want to go into it but I had some very interesting discussions. They said vehemently no.
And then when I said that's all right.
We're going to charge you 50% tariff on everything you sell into America. They said well like we said we'll say yes.
And every [snorts] single country agreed. And every drug company agreed.
So we have most favored nations. So we were paying the highest drug prices in the world. Now we're paying the lowest drug prices in the world. So that pill that I talked about would go from $10 to 20. The world is bigger than the US.
Hard to believe, but it's true. So it's not like you cut it in the middle. They just had to go up a little bit, but a little bit is a doubling of a price. So a little bit's a lot. So the pill would go from $10 to $20 and we'd go from $130 to $20. Think of that.
So we would get, if you remember, some of you were at the news conference I had in my first term where I got the prices down 1/8 of a percent, one quarter, 1/8 of a percent my first term. And I was so proud of it because prices, drug prices hadn't come down in 28 years. And I was the first one to do it. But now I'm getting them down not 1/8 of a percent, I'm getting them down 400, 500, 600. Or if you want to use it a different way, you could say 70%, 80%, 90%, 50%.
Nobody's ever seen anything like it. And I got that through, well, everybody knew it was taking place, but we paid the highest prices anywhere in the world. Now we're paying the lowest prices anywhere in the world.
And the press refuses to write about it.
I think it's the biggest thing. And for health care, you know, so much of it is prescription drug prices and drug prices. And with them coming down, the healthcare is going to come down very substantially. We recently added nearly 1,000 lowcost generics too as I said and that's you know 1,000 drugs and it's all on and it's this was not a this was not given by me this was given by Dr. Oz and Bobby and I you know wasn't sure whether or not I love the idea but they said we want to use Trump rx.gov gov is what it is and it's the hottest site I think anywhere on the planet from what I understand Bobby right it's really great people are calling up and they're buying drugs for a fraction for literally a fraction of the price and it should be the biggest story and on that alone we should win the midterms on that alone we should win the midterms but the press doesn't talk about it's the biggest thing to happen in the drug industry ever maybe ever and the press doesn't even want to write stories about it we made the largest ever investment in US military $1 trillion and we're asking actually for 1.5 trillion for the coming year and we have the strongest military anywhere in the world as you know you saw what we did with uh Venezuela that worked out very quickly and we we're doing really equally as well with uh but again people don't want to write about it with Iran Iran is very much uh intent they want very much to make a deal so far they haven't gotten there we're not satisfied with it But we will be we will be either that or we'll have to just finish the job. But uh their Navy is gone. As I've said a thousand times, their Navy is gone. Their air force is gone. Everything's gone. And they're negotiating on fumes. But we'll see what happens. Maybe we have to go back and finish it. Maybe we don't. Right now, I mean, you can speak to Steve Whit and Jared. They're doing a good job. But right now, I think uh it looks like they want to just make a deal. They want to they they have I don't think they have a choice. They're just going back to the internet because they're getting clobbered. Their economy is uh in freef fall. They have 250% inflation. Their money has no value.
Their whole uh economic system is broken down. They thought they were going to outweight me. You know, we'll outweigh him. He's got the midterms. I don't care about the midterms. Look what happened last night. That was the prelude to the midterms. People understand it. They know that very simple. Iran cannot have a nuclear weapon. I'm doing that for the world. I'm not doing it just for us. And we've had great support from other nations, by the way. We don't need it at all. But we've had great support from other nations. The problem is you always get the support when you don't need it.
When you need it, you don't get the support. With Operation Epic Fury, our warriors are ensuring that the world's number one state sponsor of terror never obtains a nuclear weapon. And they won't. Under the leadership of Vice President JD Vance, very proud of this.
The White House task force to eliminate fraud is waging war on waste, fraud, theft, and abuse like nobody's ever seen before.
He looks like Elliot Nest. Do you ever see Elliot Nest? I'm telling you, [laughter] the guys that are up there are all central casting standing be what a group of people. [laughter] >> No, it looks like a movie. I'm going to make a movie out of it, I think.
>> And they're finding billions and billions and billions of dollars. And I just said that's he said, "You haven't seen anything yet." Just said that. And you know, if he does really great, we'll have a balanced budget without having to do anything. They This is the kind of money they stole.
They're crooks. They're thieves. And I hope that Todd is going to do a real job. These are crooked people. These are thieves. This isn't like a mistake.
Just talking about one person. He got hundreds of thousands, millions of dollars for securing one man for taking care of one elderly man. He was a service. He got paid millions of dollars for taking care of one man. Total crook.
They're all crooks. The Somalians, what they've done to Minnesota. The Somalians, they're crooked as hell. Elon Omar, crooked as hell. They're all crooks. And we got them. We got them. Now we're putting the clamps on. But boy, I tell you, that's an impressive group of guys that you have behind you. I was watching that. And couple of very strong women, too. But I was watching that last night.
I said, I'm proud of you guys. In two months, we've exposed tens of billions of dollars of defrauded taxpayer money, prosecuted numerous fraudsters. Todd and stop billions of suspicious payments.
Very suspicious. Oh, you haven't seen anything yet. Well, you see, I'm getting reports from Todd, from JD.
I've never seen anything like it to kind of just hundreds of billions of dollars was stolen and no other administration would do what we're doing. They'd let it go. Everybody was getting rich. And I think we have a chance to save social security without doing anything to it by just the the numbers of fraudulent people on social security. People that are 115 years old, 125 years old getting payments. It's funny. I said, "Oh, do those payments get turned back?" No, they accept them.
Well, somebody's somebody's getting the payment. [clears throat] It's not a person that's 125 years old, but that's the least of it. The numbers that we're finding out, we have great people at Social Security. We're going to make our social security so strong, so so good that you'd never see anything like it.
We're going to protect I said right from the beginning, we're going to protect our people on social security. If the Democrats ever got in, you wouldn't have said Social Security would be bankrupt.
People wouldn't be getting anything.
Last week, they took down two of the largest Medicaid fraud cases in Minnesota history, as well as the largest autism fraud case ever charged by the federal government. You saw that with millions of dollars just being stolen. Everybody had autism. Everybody had autism. They said, it was incredible actually.
And I really I mean I've just seen so I see what they're doing. You haven't seen anything yet. So congratulations JD. Be be vicious like they are. They're violent people. They're violent vicious scum.
Before asking Vice President Vance to speak about these efforts, I want to express our tremendous gratitude to our outgoing director of national intelligence, Tulsi Gabbert, who's a terrific person ACTUALLY [applause] come up with some findings that were pretty good. And uh Tulsa's worked tirelessly to restore trust and focus and the intelligence and with the intelligence community. They all respected her. They listened to her. She gave us leads that were pretty much uh people thought they were dead and they weren't dead. They were right there. And she was able to expose a lot of things that we used at the FBI with Cash and with Todd and with JD and everybody else. It was amazing. She dramatically reformed the office of director of national intelligence and cutting the staff by 40%. And she prevented countless terrorists and cartel members from entering the United States. She exposed mountains of evidence related to the Russia Russia Russia hoax. One of the probably the greatest hoax in the history of our country. Although when you look at the fraud coming out, it's there's a lot of them. I mean, honestly, there's a lot of them. But the Russia Russia Russia hoax are great hoax.
They're very dangerous hoax, too. and revoked security clearances of officials involved. And she declassified numerous historic documents of special public interest, including related to the JFK and RFK assassinations, which everybody wanted to see. And we're now releasing a lot of things having to do with space.
You know, it's people are very interested in it. It actually became the number one topic. We're releasing a lot of information having to do with extraterrestrial terrestrial uh things and uh people are totally fascinated by it. It's amazing that I wasn't sure they would enjoy it. It's literally trending number one. Could you believe it? So, a lot of people out there are like it. But we're releasing all of that information. And Tulsi, we're praying for you and for your husband. Her husband's not feeling great, but he's going to feel great soon. You're going to make them, you're going to get him better. Yes, sir.
>> And he's a wonderful guy. So, just say hello and thank you for the great work you've done. We appreciate it. Thank you very much. And now, I'd like to ask JD to say a few words about the war on fraud, followed by acting attorney general Todd Blanch, who's doing fantastically, and Secretary of State Marco Rubio, another one. I mean, we have great people. And Secretary of War Pete Hagen, Central Casting. He's he loves war. I don't like that. [laughter] He's a good man, Ellen. And uh Scott Bessant, you talk about a guy doing a job. It's been fantastic. Thank you, Scott. Doing fantastic. And a lot of the success that we're having with other countries is what you've been able to do and find. And SBA administrator Kelly Laughler and all of the people here have been great. We're going to just do those few and maybe if you have some questions, we'll go to others. But everybody around here has got a lot to say. But we did that once and it lasted for like four or five hours. It was a little It was a little much. We want to be open. So now if I do this way, they'll say he didn't let anybody talk.
Uh but uh let's start with JD and you can talk about a really really important thing. Uh bringing our country back to honesty. A tremendous amount of money is involved. Thank you. Go ahead. Thank you.
>> Yes sir. Well, uh, first of all, thank you for your leadership, sir, and for making it possible. Uh, I often find in the fraud task force that there sometimes are barriers that we need to break down, agencies that need to coordinate, and I'll come to the president and say, "Mr. President, I need your permission to do." They'll say, "For what for the fraud task force," and he'll cut me off and say, "Yes, go do it." So, the fact that we have dedicated presidential leadership is really what's made this possible because it does require uh we've got great people around the table, but sometimes these agencies don't know how to work together at the lower level. And that's one of the things we've had to turn on and force with the fraud task force. So, I want to shout out just a few allstars here. Uh, Linda at the Department of Education has been amazing at finding student loan fraud. You've got people who are either illegal aliens or aren't even actually real human beings who are getting hundreds of millions of dollars from the Department of Education for student loans. Uh, we have cut that off. We found a lot. We're going to find a lot more. Scott at HUD has been amazing because a lot of the fraud that we see is housing fraud.
people claiming benefits that they're not entitled to or against or sometimes completely made up people who exist purely to collect fraud, fraudulent money from the American taxpayer. Uh Brooke at the Department of Agriculture, something I had no idea until I started this work, sir, that we send hundreds of billions of dollars to the states to administer the food stamp program. The federal government has no insight into whether those food stamps are going to people who are legally entitled or whether those people actually even exist. And so we're working on a number of mechanisms to actually force the states to verify that the people who receive these benefits are actually entitled to them. And I could go down the list. I've gotten a lot of support from a lot of people in this in this room. Uh Bobby Kennedy and Dr. Oz have been particular allstars on this and Kim at H&HS. What they've done with the Medicaid fraud, we found tens of billions of dollars in Medicaid and Medicare fraud just from their hard work. We've cut that off. And yes, Mr. president, we are going to find a lot more. The final thing I want to say, Mr. President, and and I know that Todd maybe has something to say about this as well. But I always try to remind the American people and certainly remind the cabinet officials, by the way, Kelly at SBA has found tens of billions of dollars that were from fraudulent loans that were giving under the Biden administration and we've now cut that off and recovered a lot of that money.
So, this has been a whole of government effort, Mr. President. The team really deserves a great deal of credit here.
The final point I want to make, sir, is I always try to remind the American people that fraud is fundamentally a crime with two victims. The most obvious victim are the American taxpayer. They pay their taxes. They expect the money to go where it should go. And that's not happening because of the fraudsters. But there are also victims, people who benefit from these programs that don't exist if we're not actually taking care of the fraud issue. And let me just give one example to build on something you said earlier, sir. One of the people that Todd just prosecuted was a person who was collecting a lot of money from the American taxpayer to take care of elderly citizens. People who worked their entire lives, paid their taxes, should have had dignity and nobility in old age, but it was deprived from them from fraudsters who say that they're taking care of them, who collect a check to take care of them, but then abuse and neglect these people. particularly one man who died because he wasn't getting adequate care and that guy was still collecting benefits to take care of a person who he had completely neglected.
So, not only do you have an an American taxpayer who's paying into these programs, you have an elderly citizen deprived of his dignity because we're not going after the fraudsters. Well, now we are.
>> How much money did he get, >> sir? Hundreds of thousands of dollars, maybe more than that. But we think that that exact type of fraud has been replayed all over our country. That particular case was outside of Minneapolis. We expect that there are tens of thousands of people who are collecting fraudulent money to take care of people and they're not actually taking care of them. We're of course going to get to the root of as much of it as we can, but again, sir, it's been I wouldn't say fun because you find out how much people have been taken advantage of, but it's certainly very good and valuable work. So, thank you for giving me the opportunity to do it.
>> Well, thank you very much. Attorney General, please.
>> I'll just to continue to talk about what the vice president was just talking about. The way that we are are actually it's it's one thing to uncover fraud, which which we've done and and and that's part of it, but it's also prosecuting the bad guys that are doing it and stopping it from from continuing.
And that's where you have everybody in this room has inspector generals. And for many years, these really hardworking law enforcement um members would identify fraud and nobody did anything about it. DOJ prosecuted it but spent a very little resources on that. So what we've done just in the past 51 days, over 400 law enforcement actions in this country related to major fraud. That's search warrants, that's arrests, that's convictions, that's um that's indictments that are filed. And that's just 51 days. And and it's not it's not just the great prosecutors. It's it's the FBI agents. It's DHS and and HSI agents. It's everybody in this room that has inspector generals that are now they they have been freed up and it's because of of of you. It's because of the vice president saying this is going to be a priority of what we are going to do. Not just the Department of Justice, even though we're the prosecutors that are putting bad guys in jail. It's also the the the law enforcement um at every agency FBI and DHS. And so we're already seeing results. We had a $1 billion fraud, a conviction at trial last week out of Florida. And this was an organization that was stealing from senior citizens in Florida, duping them.
There were call centers set up in the Philippines, and they were duping them to buy medical equipment that they didn't need, that they would never get, and that the taxpayers paid for. And so, so that's a that's a good win. We arrested 15 um 15 guys in Minnesota last week. The vice president mentioned one of them. These are people that are not they are just stealing and and many of them are here illegally. And so you have people who are in this country illegally who are then taking advantage and the vice president says something a lot that resonates with me. The generosity of the American people, the generosity of of everybody in this room, the leadership to to take care of the people in this country that are the most that deserve it the most. children who are supposed to get get food at school and you have men just stealing taking that money and and so that's what we're ex we're focused on. We are standing up um as as as you know Mr. President you you allowed us to stand up a new division at the Department of Justice. It's our entire existence of that division is to combat what we're talking about and then every US attorney's office is now focused on it as well. So this is something that will result in um a better place for every citizen of this country and save money. uh a lot of money and and and also it's it's it's the right thing to do for our tax dollars, Mr. President.
>> And billions of dollars was given out just very quickly uh before Biden left office. Billions and billions were given out and I mean I I know of many cases, but one I don't know what's happened with it, but I think you're looking at it. I know Lee was involved in it environmentally and Stacy Abrams was given $2 billion uh for an account that had $103 in it and environmental fraud I guess. Uh and uh she had $103 in this newly opened account and before leaving business they put $2 billion into the account and they had no reason for existence. They were unable to say what they did with it. $2 billion. Lee, do you want to just mention something about that? Well, [clears throat] thanks to your leadership, Mr. President, that was canceled and they no longer have access to that $2 billion.
>> They were like, "Yo, [laughter] they they wanted that money. Go ahead."
>> In fact, it was uh over $29 billion uh that have now it's now been cancelceled at EPA. Uh you told us to make it a priority. This happened as soon as you came in. uh after the election, before your uh inauguration, they were uh caught on video saying that they were rushing to get billions of dollars out the door before you're swearing in because they were afraid that once you were sworn in, you were going to stop it. Well, that part they were right.
>> They did.
>> Yeah, we did.
>> And uh yeah, no, we're uh we're happy to uh to do it, Mr. President. and um the Department of Justice under uh Todd Blanch's leadership. Uh they just secured another big win in appeals court on some uh recently canceled grants for different agencies. Uh so great attorneys making [clears throat] sure that this accountability is is delivered over the finish line. It's been a big great great team effort and we're building more importantly we're building more factories and plants in the United States now than at any time ever before.
$18 trillion dollars coming in. That's not including the 12th month. That's 11.
And I say it often that the Biden administration had much less than one trillion and we have 18 trillion. And uh when those numbers, those final numbers come up, they'll be even higher than that. That's a record in the history of the world. No country has ever done that. And that money is going into plants. And you are giving them very fast approvals. Thorough and environmentally correct, but fast approvals. And you're doing a fantastic job. Thank you very much. Another man doing a fantastic job, I think we all agree, is Marco. You're all over the place, right? I watched you last night in three different locations. So, tell us about Iran.
>> Well, first of all, the bottom line is Iran's never going to have a nuclear weapon. And if recent events have done anything is just remind us once again that they are the world's leading sponsor of terrorism. Um, and they can never have a nuclear weapon. Now, the president's preference, Mr. President, your preference has told us repeatedly as always to negotiate these things and to figure out if you can have agreements. Diplomacy is always the first option and we continue to work on that through your envoys, Mr. Woodco and and Kushner and others, the vice president who've been very involved and if we we there's an agreement to be made. We want that to be made. I think there's been some progress and some interest and we'll see over the next few hours and days whether progress could be made. I just want to remind everybody, Mr. President, you know this well, you have other options available to you if that doesn't work. But the bottom line is that uh we prefer the negotiated uh diplomatic route and we're going to give it every chance to succeed. I know you're giving it every chance to succeed, Mr. President. But here's the bottom line, cuz I keep getting asked, "What is this all about?" It's very simple. Iran and these people in charge of Iran can never have a nuclear weapon.
And they will never have a nuclear weapon, and they most certainly will not have one as long as you're president of the United States. On that point, it's very clear. Just two quick things I want to touch upon. One, you touched upon the border and security. Part of securing our border is dealing with the people that are in this country unlawfully, many of whom do not want to go back to the country that they originally came from. for a variety of reasons. Either we can't send them there or some judge ties us up. And one of the key things we have achieved is now 20 countries have signed third country national agreements, meaning these are safe countries where individuals who refuse to go back to their country of origin can be sent to that country instead.
We've gotten 20 countries now around the world who have signed agreements that allow us to deport people to those places. What often happens when you go to the person who's here unlawfully and say we're going to send you to this third country is all of a sudden they decide they'd rather go back to their home country instead. So it gives uh the ability to enforce our laws and we work very closely with the Department of Homeland Security on that front.
Something else that I know is concerning people because it's on the news is Ebola. Our number one obligation, you know, we're involved in foreign policy, but even our foreign policy, the number one priority of our foreign policy is to protect the American people. We cannot and will not allow any cases of Ebola to enter the United States. [clears throat] And so we're very the State Department and other agencies represented here, the Centers for Disease Control, HHS, others are working very very hard to contain this crisis to the countries where it's currently located, particularly the Democratic Republic of the Congo. And uh so we've surged assistance to make sure that that that is being contained there.
And obviously multiple agencies involved here are also very involved in tracking people just to make sure that nobody comes into this country that has Ebola and creates a problem for us and we feel like uh we've got good efforts in place to do that and Americans should feel uh assured that the president and his administration is doing everything we can to protect them on that front. My last point said I was all over the place. One of the places I stopped in last night was to initial uh the Trump route for prosperity in Armenia. uh this is a key lynch pin of the peace deal that you were able to achieve between Armenia and Azarbaijan and in addition to that we also signed a critical mineralsou with them and uh and a strategic engagement one as well so just a reminder of another war you helped to settle Mr. president. But from that has now we are seeing the emergence of of a great new relationship with Armenia that really had grown stagnant for a very long period of time. So we're doing well on that front as well. Thank you.
>> And could I just ask you Cuba and Venezuela what's going on there?
>> Well, interesting on Venezuela that process continues that three-phase process, you know, of uh obviously stabilization, recovery, and transition. I would just say just since January 3rd of this year, okay, and I think this number is right and Chris [clears throat] or Doug can can correct me on this, but I think over 10 million barrels of Venezuelan oil have been delivered to the United States since the 3rd of January. There that industry is being professionalized for the first time ever. It's going to the benefit of the Venezuelan people. They are selling oil in the market at market rates. The money is going to a an account in the United States, controlled and monitored by Treasury, audited by KPMG, and it's for the first time ever, the money is not being stolen. It's going to the benefit of the Venezuelan people. Cuba's in a lot of trouble because unfortunately for them, it's run by a bunch of incompetent communists. And being communist is bad.
Being an incompetent communist is like the worst. And um but the country's been taken over by this company called GAA that basically controls 70% of the economy. None of the money in that company goes to help the Cuban people.
None of it. So, we'll be talking to them. We'll be working on it. You know, we want something good for the Cuban people and hopefully there'll be a good outcome there for them. There needs to be. It's 90 miles from our shores and uh having it a failed state 90 miles from our shores is a threat to the national security of the United States.
>> So, we're producing right now more oil by double than Russia and Saudi Arabia combined. There's never been anything like that. We have We don't need oil. We don't need the straits. We don't need anything. But we have more oil now being produced by double by two times than [clears throat] Russia and uh Saudi Arabia combined. It's a great a great stat. Uh do you want to say something about that?
>> Well, I I would uh President Trump, under your leadership, uh we've opened up uh lease sales on public land. This is land that was put away for the benefit and the use of the American people, like the strategic petroleum reserve in Alaska. Uh the Biden administration had illegally stopped holding lease sales during their administration. Uh President Trump uh famously said, "Drill, baby, drill, but before you can drill, you've got to open public lands." Uh we between the lease sales that have happened uh in the the Perian uh in the Bakan and on the North Slope, uh just in just since January of this year, it's over 4 billion dollars of revenues come into the Treasury.
That's 13 times more than the Biden administration brought in on lease sales in the entire four years they're in in office. Uh sir, your policies brought that in in five months. So with that a lot of excitement, a lot of activity. We also inherited uh just in one district in Carlsbad, New Mexico, 5600 unprocessed applications to drill for oil and gas on public land. And when you're when we're drilling on public land, th those companies pay a royalty and that money comes to all of our citizens and it goes to local school districts and it goes to states, it is the core of the economy in parts of our country. The team down there working for the Department of Interior, Bureau of Land Management has dropped that by 91%.
Uh it's one of the reasons why they had a record lease sale is because now people go, I can bid on federal land and I'm going to get a permit to drill and it's not going to take me 5 years to get it. I'm going to get it in a month or less. Uh and so uh it's just it's exciting to see uh your vision and of course with this energy dominance us as you noted a largest oil producer in the world largest natural gas producer in the world largest natural gas exporter uh this is an opportunity for us to bring prosperity and affordability here at home but also to increase abroad. So, uh, President Trump, your energy dominance, uh, strategy with Chris Wright, Leisel, and all the people that are working on this, people around the room, uh, you know, it's it's been really incredible. And of course, you mentioned Venezuela, but all that flowing to our Gulf Coast refineries is also helping to keep the price of gas down at home. Uh, it's again, it's a it's an amazing transformation. Bottom line is the center of geopolitics around energy has moved from other parts of the world to the western hemisphere in the last 5 months. You turn Venezuela from a sanctioned adversary into a into a strategic ally in 45 minutes. Never happened in history before. Uh and what's going on in Alaska where when I was there last week in Alaska, the North Slope, 80,000 barrels a day coming online at Pika. That wouldn't have happened with you. It's up by Willow on the North Slope. that's going into the uh into the Alaska pipeline. 20% increase just off that one field. Uh so amazing work. Uh it's energy is a high-tech industry and and those guys are crushing it and they're uh loving loving the fact that they can provide affordable, reliable, secure energy for America and we're working very hard in California. You know, a lot of people don't know this, but California has tremendous tremendous oil reserves. used to be number three in the nation and the radical left has just wiped it out and we're working very hard to get that open again and get it uh so the people their gasoline prices their lack of energy is just staggering. It's staggering and we're actually making very good progress. Even people that were against that at one point now they're saying wow that would be great. But people don't realize it was one of the right Chris, it was one of the uh top drilling states, one of the uh I would say in terms of reserves as among the top in the country. Nobody thinks of that with California. Everything was just closed down really violently closed down and we're opening up some of it and we're being met with actually great spirit because they're paying so much for gasoline that they don't have to be doing that. and they have a very incompetent group of leaders like grossly incompetent. Uh so I think that's going to be something. On a slightly smaller subject, uh while Doug was speaking, Department of Interior, he and his people have done a fantastic job on DC. DC is looking beautiful. The fountains are almost all open. We had 28 of them. And we have one in particular, a very long [clears throat] lake. We call it the reflecting lake between the uh Lincoln monument. Nobody's ever seen anything like it. The uh you take a look at between Lincoln and Washington, you have the longest like 2,400 ft long.
That's longer than the tallest building in the world if you set it on its side.
And it's almost 200 ft wide. And for actually it was built in 1922 and from 1922 on it really never worked. It always leaked and it was a problem and a lot of things and hundreds of millions was spent. The Biden administration and the Obama administration spent hundreds of millions of dollars trying to get it to work and they failed. And we'll be spending, you'll give me a number, but I think it's a very low number. It's like in the number that we originally talked about. We're uh we cleaned it. We fumigated it. It we had 10 uh 10 major truck dumpsters uh of garbage taken out. Can you believe it? friend of mine came in, very substantial person from Germany, wanted to see the Washington Monument. I wanted to see the Lincoln Memorial. He said, "I looked, but that horrible reflecting pond is disgusting. It's filthy, dirty, and disgusting." They said, "Really?" I drove down. I said, "Secret service, let's take a drive." And we went down. I said, "That's terrible." And uh for the most part, it didn't work. I mean, they wouldn't even have water in there, but when they did, it was just dirty, filthy water that leaked out. And uh we got to work on it and it was supposed to cost almost 400, think of it, $400 million because it's like putting the skin on a a skyscraper but bigger. Much bigger.
Many skyscrapers you could almost say other than for the world's think of it, the world's tallest skyscraper is shorter than 2,400 ft. So we uh we went to work and uh over the years I built hundreds of pools. I built them every time I built the building. I always like to build Olympic size swimming pools.
And I was very aware of swimming pool.
Uh what goes into making a swimming pool? It's not as simple as people think. You never want it to leak. You want to have beautiful surface. I said, you know, I have an idea, Doug. We sat down. I said, let's take that long thing where we're going to fix it with concrete, which leaks. Concrete, all sorts of other materials that all leak and don't look good. They're gray. And you know, swimming pool. I I have a swimming pool right up the road. I built it 22 years ago. It's perfect. I said, "Does it ever leak?" "No, it's perfect.
Good contractors." I actually called in a couple of the contractors, got some ideas from them, and I gave it to Doug, and Doug's done an unbelievable job. And uh so they were going to spend maybe $400 million. I I don't know. You never know with cost overruns and everything, but it was going to take years to build, three years, four years. And we'll have it done before July 4th, substantially before July 4th. If we didn't have such bad weather the last four or five days, we could have been almost done. We have to You can't do the substance of the rain. And uh what they did is they cleaned it. They took out, as I said, more than 10 dumpsters of garbage, shovels. It was disgusting. All every corner that every corner had massive amounts of I guess that's the way the tide goes, but they had massive amounts of garbage. We then steam cleaned it. We then uh sand blasted it and then we pebble blasted. It's a a bigger version of sand. We we made the surface as good as it can be. And we're now covering it with the most beautiful blue, very thick. You think of it as a very sophisticated form of rubber, no leaks, no problems, and it's beautiful. It's called American flag blue. That was the color we chose. And uh we are probably 70% finished with it.
It's going to be finished. The hard part's done. And then we decided to do much more than we originally when I originally I thought I was just going to do the surface, but we said the problem is the outer ring looks pretty bad too where you walk on. So we sand blasted that. This is all additional work we didn't want to do. You know when you do something like this when you do the one you think the other looked okay but then when the other you see the the new surface the old stuff that looked okay looks really bad. So we cleaned that sand blasted it. Uh the walkways all it's tremendous amount of area you know it's again it's it's thousands of feet long very wide. This is where the people stand not the water part the dry part.
And we had a combination of granite and stone and we're pointing it, fixing it.
The joints were terrible, everything.
The whole place was a mess. And when it opens in a couple of weeks, long before July 4th, we want to have it for July 4th weekend, but it'll be long before that. You will see something that's really going to be beautiful. And now we're looking at the World War II fountain because that's also in pretty bad shape on the bottom. We're going to duplicate it, I think, with the uh maybe with a slightly different color.
Actually, we'll go with a lighter color.
But Doug and I have a lot of fun doing it. You your staff is fantastic. They've really worked well. But the concept, so think of it. Instead of spending two, three, $400 million, and it will never work. We're going to spend like $10 million, maybe $12 million.
Instead of spending four years, we're going to spend like, if you add it all up, like a couple of months.
And instead of going through four Fourth of July is a horrible construction site, we're going to have it open before the 4th of July. And the difference is it's better. Somebody said, "Oh, well, but it's not the same." You know, some of the fake news would say, "Well, but it's not." No, it's it's like the pen s the pen is better at $2 than it was at $2,000. This is the same thing. Uh this is far better. Won't leak. It'll last for 50 years, maybe a hundred years.
They didn't even know. I I said, "How long will this last?" So, I think you'll get 50 years out of it. Uh, we did the swimming pool treatment, but they said, "Sir, for a little more money, we can get industrial strength." I said, "That sounds good to me. Same color, same everything, same stuff, and it's much it's actually much stronger. It's used for industrial." I said, "I love that."
So, we're going to have that open. It's going to be really, really beautiful, and uh it's a very important thing. You know, we can't have people looking at the Washington Monument going uh the memorial. If you take a look, the Lincoln Memorial, it it was built, I guess, a little after the Lincoln War.
It's embarrassing. It was so horrible. I never saw anything like it. It was filthy dirty. It was Biden. And they spent between the two of them, they spent hundreds of millions of dollars trying to fix this thing. Now, when Biden when Obama did it, he spent way over hundred million dollars. And they had a great idea. Let's use the water from the PTOAC because environmentally they liked it.
Somebody said that was good. But the water from the PTOAC was not suitable for this to put it mildly. It was disgusting what happened. And so they spent hundreds of millions over hundred million dollars and they immediately closed it. It was closed for many months and nobody did anything. It was closed.
It's basically been closed. But go back to 1922.
It was always sort of people think of it as beautiful, but it was always a mess.
It's going to be unbelievable. It will be unbelievable. It's actually exciting.
I want to ride over there today if I can. You know, I always have a problem.
Secret Service isn't in love with my walking along, checking checking [laughter] the sidewalk, the new sidewalk to see whether or not they pointed it correctly. But they do. We have great contractors doing the job.
But we'll spend a very tiny amount of money and it'll be better than it ever was when it was built in 1922. It's very exciting actually to me. I love construction. It's very exciting. And we do many things. We did 28 or 29 fountains. Uh I made a contribution to redoing Lafayette Park. That's the entrance to the White House. And it was an embarrassment. The floors were broken. The They had bricks. The bricks Some of the bricks were missing. You know where they're missing? They took them out to throw at people. Uh we're going with a it's going to be a worldclass park. It'll be open pretty soon. They're doing a lot of work over there. That was a contribution that I made with some other people and uh it's going to be really beautiful. That was really the front door to the White House, but you couldn't even use it. It was so terrible. People would come to the White House and it was so terrible.
So with that, I'm going to ask Pete to talk about uh some of our great success.
>> Yes, sir.
>> Including Venezuela, you might?
>> Absolutely, sir. I think um actually your efforts on the reflecting pool are actually a great segue. If you look at Washington and Lincoln, these are two men that faced monumental tasks and stood up in historic fashion and delivered for the American people. And when you step back and look at 47 years of what Iran waged war against us and our people, there's only one man over the course of both presidency who has stood up and said they will never get a nuclear weapon as Marco said. So whether it was Kasumsulammani, whether it was scrapping the Obama deal that was going to give him a weapon, whether it was the 12-day war or Operation Midnight Hammer, you created the conditions to ensure the American people and the world are safeguarded from this generational threat. And so when you authorized Operation Epic Fury, uh just like you talked about with the reflecting pool, we didn't do the same old thing the way we'd done it in the past after, you know, Iraq and Afghanistan, the way we waged wars. Instead, you said, "We're going to do this smart. We're going to do it overwhelming. We're going to use maximum lethality and we're going to bring them to their knees. And so whether it's their navy that's at the bottom of the Persian Gulf, their air force, their air defenses or their defense industrial base, they may have missiles, but they can't build more right now. And they can't build more drones right now. And they can't build more ships. And so they came and cried uncle to talk, which Steve and Jared and the vice president and others are doing so aly. And in the during that time we put in a worldclass blockade and they haven't been able to bring anything in or anything out from Iranian ports and we know from the intel uh that they are their their economy is hurting big time because that is their lifeblood and again bringing them to the table. So whether it is through the efforts of your negotiators that they ensure that we they never have a nuclear weapon or we have to go back to the war department to finish the job that way. Uh we're prepared to do that. And I think even our reach on the dark fleet of Iranian tankers, no Iranian tanker around the globe is safe and we've seen seizures all around the globe again choking off their economic lifeblood. But all of this is possible, Mr. President, uh, thanks to the investments that you've made in this department, firing on all cylinders, for the second year in a row, we're at historic historic recruitment rates.
Last year, we said that here. This year, we beat it even faster. The American people are excited about what you're bringing to our department, our defense industrial base, $50 billion in private investments. in because of your the meetings you've held, defense manufacturers are investing in new plants and new manufacturing, new production lines so that we're getting weapons faster than ever. And then the 1.5 trillion that you've committed to the department going forward. That's a million American jobs. 1 million American manufacturing jobs. That's Golden Dome for America. That's F-47.
That's B21. That's 50 billion in drones.
We're going to win lead the lead the world in drones. shaving years off of production of all of those, everything under budget and ahead of schedule, which is what the war fighter deserves.
And we saw it, you mentioned Venezuela, Mr. President. You saw it on display there. Think of the fact that our Southcom commander just landed uh uh via helicopter at our embassy peacefully at the welcome of the Venezuelans uh because we're now partnering with them hopefully uh even on the counter cartel mission as we secure our hemisphere. So, we've secured that southwest border.
We're we're going to war with the cartels uh through the America's counter cartel coalition. Venezuela is a big part of securing our energy future and defending the homeland. And then I just want to note one more thing to give you a sense of how committed this president is. Maybe a year ago uh he heard the call of Nigerian Christians who were being targeted and killed uh by ISIS in Nigeria and he said, "Pete, I want the War Department to focus on ensuring that we do everything we can to protect those Christians." Partnerships like that can take time behind the scenes, but he never wavered on it. And we got the assets there and over the last month and there hasn't been much coverage of this.
We killed ISIS number two in Nigeria who was most responsible for killing Christians and trying to target the US homeland and have since because of the intel we gathered killed hundreds of ISIS members who were targeting and killing Christians in Nigeria, creating a whole new opportunity there. So there's a lot of things we do that the media pays attention to and a lot of things that the president empowers the department to do on behalf of the American people uh that he deserves great credit for.
>> Thank you. Great job. You're doing a great job. I just want to say on recruitment, we're very proud of the fact that uh for the previous four years, previous administration, they had I mean they couldn't recruit people and that included by the way police and firemen and others. They were not proud of our country and they couldn't recruit anybody with a uniform and was having a hard time recruiting and uh they set record low numbers. They were way way behind and literally from November 5th it started. It started even before we got going.
>> But from the time we won the election to now, we've had numbers of recruitment the likes of which we've never had.
Record recruitment in every single branch. And that includes police and firemen. Record recruitment. So, we're very proud of that. Thank you. Great job. Thank you, sir. Uh Kelly, please.
>> Mr. President, you have made us a nation of builders again. You're leading us to the greatest economy that the world has ever known. And I see that every week as I travel this country, main streets across dozens of states, uh, from Alaska to Maine. I've been in many of those states two or three times. Uh, I hear it everywhere I go. Please thank the president for putting us back on track.
They thank you. They love you. They want more of what we're doing. Tax cuts, deregulation, fair trade, energy dominance. Small businesses are spring-loaded. And we see that in the jobs numbers. In the last two months alone, we've created over 300,000 private sector jobs uh in this country.
Most jobs are created by small businesses, two out of three. And small businesses, as you know, make up 99% of all businesses in this country and account for half of our GDP. So, when that part of the economy is finally working again, they've gotten out from uh5 trillion dollars of regulation that the Biden administration put on hardworking small businesses. They penalized growth, investment, hard work, and success. But thanks to the working family tax cuts that every single Democrat voted against, hardworking families, the welders, the waitresses that I meet on factory floors across this country, from Pennsylvania, uh, to New Mexico, where I'll be tomorrow.
Brooke and I are going to Arizona tonight. So, we see this everywhere we go. It's one of the most under reportported stories in the media. Main Street is back and that's because America first. I'll tell you the other thing about fraud. Small businesses are particularly hurt by the fraud because they're some of our biggest taxpayers in the country and they show up every day.
They work hard to provide for their employees to build their businesses.
They're working. They're doing it the honest way and they see fraudsters taking from the American people. It's taxpayer money. And so you think about at the SBA, we found $200 billion dollar in fraudulent PPP loans that the Biden administration tried to hide and forgive and sweep under the rug. We've turned the first $22 billion dollar of that over to Treasury for collections and to DOJ for prosecution. Uh our inspector general is already announcing that people are going to jail. There are jail sentences now being served. Uh we've announced that 140,000 people have been uh barred from ever getting SBA loans again uh defrauding the government for about $9 billion. So we are going to continue our work under the great leadership of Vice President Vance and appreciate the partnership because it's really accelerated our ability to get the job done. Uh but then just back to small businesses. We have record business formation in this country. That's another story that the media won't tell you. over half a million businesses on average a month this year. So, it's not just record people working, strong job creation, business formation, and all-time records in this country, but we have manufacturing expansion four consecutive months. That means that's a leading indicator meaning that we have uh expansion coming. Uh another story the media won't tell you, 98% of all manufacturers are small businesses. They 75% of our defense industrial base is small business. uh they're our main exporters. And so America first, free trade, fair fair trade, deregulation, tax cuts, and energy dominance is helping workers on Main Street. And that's why they tell you to tell tell me to tell you, Mr. President, thank you.
And they love you.
>> Well, thank you very much. Great job.
Thank you, Kelly. And I just say, you know, we uh went to China last week. We had an amazing meeting with President Xi. The relationship's very good. We're doing a lot of business with China now, but it's it's not where they were ripping us off for years and years. They ripped us off like nobody ever got ripped off. It's [clears throat] now it's very profitable business that we do with China. And uh they respect our country again. We have the strongest military in the world by far. They respect our country again. Uh Scott, please.
>> Sir, uh on the economy, two words, resilience and prosperity. Uh the continued resilience of the economy speaks for itself even during the Iran the uh conflict and it speaks to the strength of your leadership. Progrowth policies are creating conditions for American families and businesses to prosper. We're entering the second half of our 250th anniversary year with renewed optimism and momentum. It has never been a better time to be an American. And as you said earlier, we have a record number of Americans working. The economy that you were building is not only strong, but secure and resilient and better positioned to compete globally. Real GDP has risen 2.7% over the past four quarters, something that many economists said couldn't be done. In the first quarter 2026, despite Iran conflict, GDP grew at a 2% annual rate. The Atlanta Fed GDP now is predicting 4.3% for this quarter.
In terms of prices, I believe the prices are transitory. Oil will be lower than pre-conlict levels when this ends.
Natural gas is already down. As you me mentioned, drug and pharmaceutical prices they are plummeting and rent is down. Uh we are more resilient to energy price fluctuations due to your energy dominance agenda deregulatory efforts and we have never sold so much energy to the rest of the world. Business investment rose at a 10.4% annual rate in the first quarter. Capital expenditures and business equipment rose more than 17%. And that is the as a result of the tax bill and tariffs. Jobs related to commercial construction, factory construction are up 90,000 since your inauguration. In the past two months, the private sector, as Kelly said, has added 313,000 new jobs, and those are private sector jobs, sir, including 13,000 manufacturing jobs. We have construction jobs. We're building the factories and those will turn into manufacturing jobs.
The stock market has hit new highs. The stock market lives in the future. It is seeing the uh on the other side of this conflict. It is a strong symbol of optimism for the future. Corporate earnings are high and wages are doing well. For the tax season, we had the best tax filing season in history, which is a victory for Main Street. The average refund was nearly $3,300, 11% increase from last uh tax filing season. And importantly, 62 million returns had one of your four signature policies. No tax on tips, no tax on overtime. They reduced taxes. 80 85% of our seniors paid no taxes on social security and the deductibility of auto loans for Americanmade cars for the what I believe is the most important government benefit for young people since the GI Bill. The Trump accounts the app will be available on all major platforms tomorrow morning. Uh, and it will place the American dreams into the palms of the hands of parents and children. Nearly 6 million kids have been signed up for Trump accounts and they will launch on July 4th and it will be a great symbol of the 250th anniversary. Uh, Main Street prosperity workers have seen positive wage gains.
The unemployment rate remains low at 4.3%.
And private sector job growth is strong.
So just to reiterate, resilience and prosperity have been the marks of your second term.
>> It's been great. It's been amazing actually. Uh any questions?
>> Mr. President, thank you Mr. President.
Iris T with NTD social media with the Epoch Times. You've done a lot to clean up DC and fight crimes here. And as a lot of Americans and people from all around the world are coming to the nation's capital ahead of the major 250 birthday uh events here, how important is it for you to really keep delivering on these results? But also, what does it mean for America's identity on the national and international stage?
>> So, I'm very proud of DC because when we came here little more than a year ago, it was very dangerous place and now it's a very safe place. It's been incredible what's happened. As you you see the crime numbers, we had restaurants closing up and nobody wanted to go to a restaurant. They were afraid to walk to work. It's very very dangerous place, very unsafe. And now it's a very safe place. We brought in the National Guard.
We worked with Cash and the FBI and Janine is doing fantastically and Todd and everybody. And it's now a very safe city and people are pouring in. And you see the grass is all beautiful. We put a lot of new grass in cuz you know like like people grass has a life too and this grass and it was about a long time but we uh the waterfalls we talked about and the fountains are uh most of them are in the final stages or fixed. People are writing me letters. People are talking about it. They're all we have some of the most beautiful fountains in the world. And there wasn't one not one that worked. We had 29 out of the 29 not one was worked in addition to the reflecting pool which is even you know that was the big one of them all but that was a disaster. So with all of that and uh we this place is looking beautiful. I rode through it yesterday uh with the fences are down. The homeless aren't staying here any longer.
We have we're helping them out but we're not you know we just can't have them in the nation's capital. And uh when foreign dignitaries come in, they're saying the first thing to say to me, this place has really changed. Uh they they saw that it was going down. Our whole country was going down just like DC was going down. And as you know, the restaurants were closing up. There weren't very many restaurants and now they're opening up. You can't get a space and everyone's going out to dinner and they're safe. And we had the national security and we have the National Guard and uh we're going to keep them. You know, I want to, by the way, just in case I mention, keep them.
Okay.
>> And don't lower the number either.
>> Absolutely.
>> Somebody said, [clears throat] "Oh, are there less?" I said, "I hope not, but don't lower the number if you don't mind." Okay.
>> We're going to surge this summer, too.
>> They look great. You know what they give people if we have We took out 5,000 criminals. Hardcore criminals, by the way. 90% of the crime is calculated.
They calc 2% of the people do 90% of the crime. That's a great number because when you get rid of 2% 2% you can get rid of 90% you can't get rid of 2%. So 2% create 90% of the crime. 91% actually to be exact. And uh we have really we moved 5,000 people Todd out of here. We these are career criminals. Many of them came over from the last administration through the open border. The ridiculous open border. No vetting. Nobody knew who they were. They came out of prisons.
They came out of there drug dealers.
There were people from mental institutions. And Washington DC is now a safe and beautiful place. And it's only going to get more beautiful. Yeah, please.
>> President John, thank you so much for having us in here today. Uh, what are your thoughts? Why do you think that Joe Biden is trying to sue the Department of Justice, former President Joe Biden, to have his tapes that he did interviews on blocked from the American people hearing them? Do you think that he's trying to hide something? And maybe uh acting attorney general Todd Blanch could comment on if they will counter sue and release those tapes to the American public.
>> Are you thinking about it with respect to his book?
>> Respect to his >> I'd like to see it. I don't know. Maybe there's some constitutional reason. I don't know. I'd like to I would like to see what he has to say because we can never allow what happened to this country to happen. The man was grossly incompetent.
And the Democrats uh I call them the Democrats because the policy is so bad.
But they they came very close to destroying our country. We can never let it happen again. And I hope that you're able to produce that. I think it would be very interesting reading for people.
>> Mr. President, Iran wants control of the straight over moose. Would you accept a short-term deal that allows Iran and Oman to control the strait? And would they have to open it immediately or would you be open to that happening over a period of time?
>> No. The straight's going to be open to everybody. It's uh >> And who would control it?
>> It's international waters. Nobody's going to control it. We're going to watch over it. We'll watch over it, but nobody's going to control it. That's part of the negotiation that we have.
They would like to control it. Nobody's going to control it. It's international waters and uh Oman will behave just like everybody else. So, we'll have to blow them up. They understand that. They'll be fine.
>> Mr. How, Mr. President, thank you. How much economic pressure do you feel to get the straight of hormones open?
>> Well, you have to understand the United States has so much oil that we are an exporter of oil. So, we have plenty of them. We're very lucky. We're blessed with the greatest piece of land in the world from that standpoint. And we have more than anybody else. And now, when you add Venezuela to it, we have, I think, 64% of the world's oil. And uh we're getting along very well with Venezuela, by the way. It's being run really beautifully. The big companies are moving in. Going to be it's going to be amazing because it's also like us.
They're very they're very blessed in that sense. But we have natural energy that no other country has. We have more than anybody else. So, it's really a world problem because most of the world doesn't have that. And we're making it available during the the closing. I don't know if you've seen some of the uh satellite pictures. Boats, hundreds of boats lined up. It looks like I used to say the Long Island Expressway.
They're lined up and they're coming to Texas, Louisiana. They're coming to Alaska to fill up their boat, their big boat. Some of them are really big, you know, two billion gallons. Even bigger than that now they make them. They make them up to four, Chris, I hear. Now they make them up to four. The four are now the big ones. Used to be the ones. Now it's 4 million barrels of think of that, four million barrels of oil in one boat.
But they're lined up and they're right now heading to Texas and they've already filled up and they've gone back. In addition to that, you have a lot of boats. You have about 14,500 boats in the straight wanting to get out and at the right time we'll release them.
>> But the American people are are seeing higher gas prices now. It's come down a little bit but it's still $445.
>> Oh, it come down a lot. It'll go it'll come down to where it was before. We had it when I was in Iowa. We had uh driving by and we saw gas stations $1.90 a gallon, $185, $187 were the three that we saw. We had it down in some places below. Now, we can't help a California where they charge so much tax that, you know, you lower it and they charge tax.
Uh they've got to straighten the act out in California. But we had oil, we had gasoline down to a very low number. Uh I think we'll be hitting that number uh shortly after that whole excursion ends.
>> Does that give you more urgency? But regardless of anything, regardless of anything, as Marco said better than anybody can say it, you can't let them have a nuclear weapon. They would use it instantly. They wouldn't think about it.
They would use it instantly. I've gotten to know them. They would use it instantly.
>> Does that give you more urgency, Mr. President? You've said that you're in no rush to make a deal, but with gas prices that are so high across the country, people are paying more for travel. Does that give you more urgency to make a deal? Why doesn't it?
>> Well, I'll tell you the primary urgency.
Have I said this? It wasn't covered properly, but the primary urg urgency is that we can't let Iran have a nuclear weapon. Uh but at the same time, we have a tremendous amount of oil, gas, coal.
We have tremendous amounts of energy. We we're blessed with something very special. Uh those prices are going to come down. They're going to come down fast. I think I think that you'll see actually, Todd, I think you're going to see lower prices that we had even before we did this. Now, I knew there'd be an increase. I said, "We have a choice. We don't have to do anything." in two years or one year or two months because Iran would have had a if we didn't hit that with the B2 bombers, Iran would have had a nuclear weapon within two weeks from that date because they were ready to go and if they had a new weap nuclear weapon, it would have been used already.
It also would have been used had I not terminated the Obama deal, the Iran nuclear deal as we call it. Uh that was in my first term. Had I not terminated that, they would have had a nuclear weapon a long time ago. Uh, I would say it was a guarantee that it would have been used and it would have blown up Israel. It would have blown up the entire Middle East and that's never going to happen. Yeah. Mr. President, would you be comfortable with Russia or China taking their stockpile of highlyenriched uranium and have they offered to do that?
>> No, I wouldn't be comfortable.
>> That would not make me comfortable.
>> Is the US considering easing sanctions on Iran to allow Iran to sell its crew to market?
>> No, we're not talking about any easing of sanctions or giving money. no sanctions, no money, no nothing. Uh we have control of money that they claim is theirs. We'll keep control of that money when they behave properly and when they do what's right, we'll let them have their money. But right now, we're not doing that. And it's not one thing is not contingent on the other.
>> Mr. President, on the shooting last weekend, it came barely a month after the third assassination attempt against you during the White House correspondence dinner. What was your reaction when you first heard about the latest shooting? And what gives you the courage to really keep doing your job effectively without thinking about these threats every day?
>> Well, I I can't think about it because if I thought about it a lot, you know, I wouldn't be a very good president. I wouldn't be here probably. I'd be s up in some room with a locked door and say, "Just leave me alone." So, I can't really think about it if it's such something that it's a sad part of life.
It's a dangerous business. what I'm doing is a dangerous business and they say and look we have been maybe the most consequential but we certainly have been one of the most consequential this group of has been a very consequential administration and they say if you're not consequential you don't have so much problem if you are consequential you do so uh you have to look at that but but it's a shame it's a sad it's a s it's a very sad fact of life look anybody in office not only in this country and other countries too. But when you are a consequential president, your life is in grave danger. I knew that.
>> Mr. President, how would you characterize the current state of the talks with Iran? I guess if it were a football field, what yard line would you be on?
>> Well, I think we're doing very well.
They are starting to give us the things that they have to give us. And if they do, that's great. And if they won't, then the man on my left is going to finish them off.
>> Is there a time frame in your mind?
>> What? Is there a time frame in your mind for >> I mean it happens quickly. The problem is every time I mention a time frame for instance uh I see you know we've been doing this for a few months. Vietnam lasted 19 years. Uh Korea lasted eight years. Afghanistan lasted many years.
They were all many many years. And we're into it for a few months. And I read about you people like you. What's taking so long? We're in it. Uh you know we lost between two wars, two big wars.
Venezuela and Iran. We lost 13 souls. 13 great people. Met the parents. Great people. Uh and it's a terrible thing.
But 13 uh if you look at the war casualties and the deaths in wars from Vietnam and all that, they lost hundreds of thousands of people in numerous of these wars. Uh we want we're very cognizant of that. We want to lose very few. We want very few to be injured.
We're very uh we're very careful. Uh, but war is war. War is war is dangerous, but we've lost 13. I saw the Democrats took an ad putting in the 13 people that were lost. And when you look at hundreds of thousands of people that were lost in uh the Middle East, Iraq, all the different wars we were in, uh we have done an amazing job. With that being said, I hate to lose 13. I hate to lose one, but we've been very uh we've been very we've been very capable. I mean when you think of it we took over Venezuela in one day we have done a similar job but we said we'll give them a little chance at the request of somebody that we greatly respect from Pakistan the field marshal and the prime minister they've been great uh they asked us would we pause the war for a little while because they'd like to so we we'll do that but uh we had them beat they're you know no no better now we could we could close it out very quickly if we can do it in a different way.
That'd be good if we get everything we we want. But we could close that out very very quickly and we may have to. I don't think so, but we may have to.
>> Ask about the World Cup if I could. The US spent a lot of money getting the World Cup here and increasing the infrastructure. Does the economic benefit outweigh the cost?
>> No, the World Cup is great. It's the most successful they've ever had ticket-wise. It's uh they've never had anything that sold so quickly. It's amazing because it's United States. You don't think of we I call it soccer, you know, it's just it's just easier to do because we have football and they have two footballs, right? They call it football. But I never most people never thought they'd see anything like that.
The World Cup, it's turned out to be the most successful World Cup from the standpoint of what's happening than they've ever had. Yeah.
>> Thank you so much, Robin Ortiz with Turning Point USA. I have one question for you and one question for Vice President JD Vance on fraud. Um, what's your message to the New Jersey leaders pushing back against ICE operations at Delaney Hall >> and about NEC?
>> Yes.
>> Or about NICE as I call it. Nice. The nice facility.
>> I'd love to change the name call nice.
They do a great job and it's all paid for protesters. You know, you can see by the signs. The signs are all made by the same beautiful factory. It's a printing plant. In fact, I'm thinking about using it. They do such a nice job. [laughter] These aren't protesters. These people are fake. They're all paid for. And I will tell you, Tom H. Homeman and that whole group and now Mark Wayne is so incredible. Mark Wayne, do you want to just respond to that? Uh, we run the finest facilities anywhere in the world of their type, but we have some horrible killers. We have killers. We have guys that have murdered numerous people in there and these are the people they're trying to protect. There's nobody that runs a facility like we do.
>> Mark W, please. Yeah, it it shows that the this radical left Democrats priorities when they decide to go out and protest uh a detention center where we're housing rapists, child predators, murderers, uh drug dealers, and they choose Memorial Day of all the day of all the time to go to go protest something that they say that they're that it's because they're on a hunger strike when there was only a handful of individuals that was refusing to eat because they want their ethnic group or their ethnic right food. Well, they can go back to their country and get whatever food they want. Uh the fact is we're giving them the calories they want. Uh this isn't holiday in u. We're giving sanitation. Uh but for the Democrats to and the governor like Governor Cheryl and Senator Kim and Senator Booker to go out and do something like this of all the days is very frustrating. And and we see Antifa signs are literally out there. The local police refusing, literally refusing to respond. Uh they barricade it, not allowing our employees to come in and out. ICE has to go out there, remove the barricade, and then you have one of the senators complain because he got splattered with a with a you know, pepper ball. Um I'm sorry. You probably shouldn't have been there.
>> You know, you know, one thing I'll say about that, the local police, I know a lot of the New Jersey police, they're phenomenal. They love us, >> but they're told not to do anything.
That's right.
>> They love us. They love him.
>> They even love me a lot. And uh they I'm in New Jersey a lot. It's it's great. I mean, I think it's a great place. It's got a uh group of people running it now that are having a hard time. But they really they really like this administration. They love this administration more than any administration they've ever had. And they're thanking me all the time. And you know, I see those I see those guys going up and down the Jersey Turnpike with their big uh beautiful hats on.
They say, "I'd like to look like that someday." You know, they're great. No, these are great people and they love him and they love ICE and they love the border patrol and they're not allowed to talk to anybody. It's like uh but it all comes from the top. They have to follow orders. They want to keep their jobs.
>> Mr. Congress, you're expecting Congress to pass a federal gas tax holiday.
>> A gas tax holiday?
>> Yeah. To suspend federal tax?
>> Well, it's something we might talk about. Let's see what happens over the next week, two weeks. A lot of good things are happening.
>> The Knicks game next week.
>> No, I I was invited to the I was going to go on Wednesday, but they closed it out very quickly. They made Jim Dolan's great guy. He's, as you know, owns and in charge of Madison Square Garden, and he's having a good year.
>> Uh boy, what a team. They win all their games. They really They have some great players. Uh I think I'll be going to one of the games. I was invited by uh numerous people and Jim and I think I'll be going. It's great great to see it.
The Nicks have the Knicks have really they've really suffered for years. What [laughter] you're producing doing right they're doing right now.
>> Would you accept an agreement with Iran that just calls for further talks on the uranium or is the only option? No, I would for some of it, you know, because it's a memorandum of understanding for speed. And one of the things that will happen is the straight will open immediately. Immediately. But it's got to be perfect. I'm not going to do this.
I didn't do this to get a crummy agreement. The worst agreement ever signed was by Barack Hussein Obama. What a horrible agreement that was. It was a setback for this country, for the whole world. Uh the Middle East would have blown itself up. No. And we'd like to have the countries we were talking about with Saudi Arabia, UAE, Qatar, and the others. We'd like to have them immediately join the And Steve Whit is working on that with Jared and some others, but would like to have them join the Abraham Accords. It'll be historic if they do it. And we would I think they I think they owe that to us to be honest. I think because that really would be a tremendous sign and I think those countries owe it to us.
>> Mr. President, >> Steve, are you going to get them decided? Uh, we're definitely pushing it, Mr. President.
>> I'm not sure I'm not sure we should make the deal if they don't sign. You want to know the truth?
>> If they don't sign to join the Abraham Accords, I don't know that we, you know, we have countries in there already. Uh, UAE, great great countries, bold countries, and it's turned out to be so good, so effective, and uh, so we're, you know, requesting strongly that they they join. It'll be great. It'd be great for Saudi Arabia. be great for Qar and Kuwait, the whole group.
>> So, the Iran deal might be contingent on more countries joining the >> Well, I don't want to say that. I'm not going to give you, you know, what's contingent, what's not. I can say that uh we can make a good deal right now, but maybe not a great deal. And if it's not a great deal, when I'm making it because we can make a great deal with this guy right here. And uh but it's, you know, it's a lot nastier. Probably wouldn't go as quickly. wouldn't be talking about as quickly, but it would be foolproof.
Uh, but I think we're doing very well, Steve. I think we're doing pretty well in terms of the negotiation, but we'll see >> if it's not going to be a real deal cuz Obama had that horrible JCPOA, whatever it was. It was the worst deal.
It It was a path for Iran to have a nuclear weapon very quickly. Years ago, they would have had a nuclear weapon. We might not be here talking about it right now. [clears throat] They would have had a nuclear weapon. And frankly, Obama picked the wrong country. He should have picked another country. I won't tell you what it was. But he picked the wrong country when he picked Iran. But we have things understood now with Iran. It's been nasty. They've lost their leaders.
They've lost. And it really is regime change. You know, we didn't set out for regime change, but by the fact that we're dealing with a totally different group of people than we were at the beginning. And frankly, I find them to be much more reasonable. I actually find them to be smarter, but I find them to be much more reasonable. This is regime change. One regime is gone, another regime is gone. We're dealing with the third pieces of it because some of them are gone, too. And I find them I I think how can you have a stronger regime change than that, you know. So I do find that uh I'd like to thank you all very much. We're doing great. Our country is doing fantastically well and this group of people is outstanding. Thank you.
>> Thank you.
>> Thank you very much. Thank you.
>> Well, thank you very much. We have uh a lot of very happy people around the table because we're a great team. It's been a tremendous period of time for our country and things are going very well.
Number of jobs. We have more people working today than we've ever had before in the history of our country and many other things. And I have a few words to say to you that I think will be helpful.
last night was incredible. Not only Texas, but so many other places and the numbers were fantastic. And they've really been that way for a year.
[clears throat] If you look, it's hundreds of people won and almost nobody didn't win. So, but last night was very uh very powerful.
So, I'm thrilled to welcome everyone to the 12th cabinet meeting of our administration. And we're doing something that no administration's ever done. We're always letting the press join us because we're very open and transparent. You like the word transparent, but we're more transparent than any any administration in history.
No, to the best of my knowledge, press has never been invited ever to a cabinet meeting for any reason at all. And uh it's an honor to have you. This team has achieved more than most other administrations achieve in eight years.
We took the most dangerous, unsafe, violent and open border in the world, anywhere in the world. There's no border like the border we had and created the most secure border in the history of our country. We had no people 12 months now, no people reported in the last 12 months. Uh came in illegally. Zero illegal aliens admitted to the United States in the last 12 months. And that's those charts are made by you would say politically unfriendly people. And the reason they don't come in is because nobody comes up because they know that uh they're going to be turned away and if they get in they're going to be moved out right away. So it's been zero.
You're the one that do you do the reports. I'm actually surprised by the number because I don't know how it can be zero but they say it's zero for the last 12 months. In 2025 we achieved the largest drop in the murder rate ever recorded. So the murder rate was quite high and we we achieved the largest
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