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Trump’s Gold Card Approves One, Fed Nominee Rejected, Iran Order

4/25/2026

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Story summary
  • President Donald Trump’s “gold card” plan $1.3 billion has approved only one applicant while a Federal Reserve nominee was rejected.
  • Commerce Secretary Howard Lutnick told Congress the low approval rate reflects its launch while the Washington, D.C. Circuit Court rejected the administration’s bid to block asylum applications.
  • Iran refused to negotiate, so Trump ordered a “shoot to kill” directive for ships in the Strait of Hormuz while Iranian embassies posted videos.