Dec 10, 2024 - Politics & Policy
Trump's investment pitch
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President-elect Trump today promised an expedited pathway to permits and project approvals for anyone investing $1 billion in the U.S.
- It's not clear who would be eligible, or for what kind of projects, or how the federal government would do away with the usual labyrinth of regulatory hurdles, Axios' Ben Berkowitz writes.
Transition spokespeople didn't immediately return requests for comment on who or what would be eligible.
💰 By the numbers: The U.S. already receives more than $177 billion a year in new foreign direct investment, per Commerce Department data. But that's declining.
- The intrigue: Trump's specific mention of quick environmental approvals will put the spotlight on Lee Zeldin, Trump's pick to lead the EPA.
Elon Musk tweeted: "This is awesome 🚀🇺🇸."
