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President Donald Trump and DHS Secretary Pete Hegseth are making a big announcement from the Oval Office Tuesday afternoon.
From Politico: President Donald Trump will announce $25 billion for his “Golden Dome” defense project Tuesday afternoon, according to a White House official, a fraction of the amount it would eventually cost to build the ambitious national missile system he’s demanded.
The announcement, which Trump is expected to make in the Oval Office alongside Defense Secretary Pete Hegseth, will seek to impose some structure on an idea still very much in the early stages — an air defense bubble of sensors, satellites and missile batteries over the entire U.S. The funding, currently embedded in Trump’s “big, beautiful bill” was discussed this morning during the president’s meeting with House Republicans, said the official, granted anonymity to speak about the announcement.
The $25 billion initial investment matches the amount requested by the White House in the megabill, which has yet to make it through Congress. The Congressional Budget Office has estimated that a national ballistic and cruise missile defense system would cost more than $500 billion over the next two decades.
Trump is expected to announce that Gen. Michael Guetlein, Space Force’s vice chief of space operations, will lead the project, according to a defense official, the White House official and a person familiar with the matter.
WATCH LIVE COVERAGE of Trump’s announcement in one of the videos below. The announcement is expected to began around 4:00 pm ET:
In a recent interview with Fox News host Bret Baier, Trump said he was originally going to call it the “Iron Dome,” but has now decided to call it the “Golden Dome” instead.
Trump: “We’re going to build the Iron Dome…I was going to call it the Iron Dome because that’s the name everyone has heard of for years. To me, it was old-fashioned. So we changed it recently to the Golden Dome, the beautiful Golden Dome.” pic.twitter.com/J0h2sNasYd
— The Bulwark (@BulwarkOnline) May 16, 2025
President Trump plans to announce that Space Force Gen. Michael Guetlein will oversee development of the Golden Dome antimissile shield https://t.co/ZhyBNj45Z3
— The Wall Street Journal (@WSJ) May 20, 2025
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