Live updates: Musk joins Trump for the first meeting of the White House Cabinet

Bernd Debusmann Jr.
Reporting from the White House

President Trump’s comments from the beginning of the cabinet meeting have been concentrated, in part, on a new “gold card” that will allow the wealthy foreigners to request residence in the US.

On Tuesday in the Oval Office, Trump described the program as a “route to citizenship”.

“They will be wealthy and will be successful and will spend a lot of money and pay a lot of taxes.”

Today, both Trump and Howard Lutnick Secretary have entered more details, Lutnick believing that about 200,000 people could apply – the same number of people currently in line for the current EB -5 Investor Visa program.

Lutnick says those golden books could pick up to $ 1 (786 billion pounds) to “pay our debt.”

“That’s why the president does it,” says Lutnick.

In his observations, Trump says there would be no promise or commitment to create a certain number of jobs, because the applicants will be “successful people”.

“I don’t know we will sell so many. Maybe we won’t sell so many, but I think we’ll sell a lot,” he adds. “There is no other country to do so as people don’t want to go to other countries.”