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Trump to speak at Saudi-backed conference, highlighting questions over business ties to kingdom
CBSN
Washington — President Trump will speak at an investment conference in Miami sponsored by Saudi government entities on Wednesday, an address that comes as the Trump Organization seeks to expand its real estate empire in Saudi Arabia and the president looks to strengthen ties with the Middle East partner.
Mr. Trump is slated to speak at the FII PRIORITY Summit in Miami Beach, which is billed as an opportunity for "thought leaders, investors and policymakers" to come together and "unleash extraordinary value creation."
The president's speech comes one day after the U.S. and Russia held talks in the Saudi capital of Riyadh on how to end the war in Ukraine, and the administration is seeking Saudi Arabia's cooperation on a range of issues, including the war in Gaza. Saudi Crown Prince Mohammed bin Salman vowed to invest $600 billion in the U.S. over the next four years in a phone call with Mr. Trump shortly after he took office in January.
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Defense Secretary Pete Hegseth has directed the Pentagon to come up with plans to cut 8% from the defense budget in each of the next five years, according to sources familiar with his plans. The Defense Departmen expects to redirect those fund to other programs in the department that would be prioritized by President Trump.
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Washington — President Trump will speak at an investment conference in Miami sponsored by Saudi government entities on Wednesday, an address that comes as the Trump Organization seeks to expand its real estate empire in Saudi Arabia and the president looks to strengthen ties with the Middle East partner.