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Mulvaney Warns Trump: Greenland Bid Risks Midterm Standing

1/20/2026

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Summary

Story summary

Mick Mulvaney, former White House chief of staff, criticized U.S. President Donald Trump's Greenland bid.
He cautioned Trump against pressuring allies, noting Europe is the largest buyer of U.S. debt and could raise interest rates.
Mulvaney said Greenland's benefits, including resources and shipping routes, may be outweighed by costs, potentially $700 billion.
He tied the bid to Trump's Nobel Prize prospects, warning it could weaken his standing in the midterms.

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Story summary

Mick Mulvaney, former White House chief of staff, criticized U.S. President Donald Trump's Greenland bid.
He cautioned Trump against pressuring allies, noting Europe is the largest buyer of U.S. debt and could raise interest rates.
Mulvaney said Greenland's benefits, including resources and shipping routes, may be outweighed by costs, potentially $700 billion.
He tied the bid to Trump's Nobel Prize prospects, warning it could weaken his standing in the midterms.