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Business & Economy
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Business & Economy
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Trump hosts ballroom donors at White House
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President Trump on Wednesday hosted a dinner for donors helping to fund the cost of a planned White House ballroom, including leaders of major businesses.
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Trump held an event in the East Room that featured representatives from Microsoft, Google, Palantir and other companies, as well as wealthy figures such as Blackstone CEO Steve Schwarzman and Cameron and Tyler Winklevoss.
“We have a lot of legends in the room tonight, and that’s why we’re here to celebrate you, because you gave, given tremendous amounts of money to see a ballroom for the first time at the White House,” Trump said.
The president at one point opened the curtains in the East Room to display the view of where the ballroom will be constructed.
“The White House for 150 years-plus, they wanted to have a ballroom, and it never happened because they didn’t have a real estate person,” Trump said.
The Wall Street Journal first reported on the list of attendees for the dinner.
The White House in August announced plans for a $200 million ballroom adjacent to the East Wing.
The space is expected to have a seated capacity of 650 people and would host State Dinners and other major events. White House officials have said the cost will be covered by donations, rather than taxpayers.
Read more here.
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Welcome to The Hill’s Business & Economy newsletter, I’m Sylvan Lane — covering the intersection of Wall Street and Pennsylvania Avenue.
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Key business and economic news with implications this week and beyond:
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The U.S. Chamber of Commerce sued the Trump administration Thursday over its decision to raise the fee for H-1B work visa applications to $100,000, arguing that President Trump exceeded his authority in altering the visa program.
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The Trump administration is seeking to secure a total of $40 billion in financial assistance for Argentina to help the country’s libertarian leader stabilize its turbulent financial markets.
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Rep. Warren Davidson (R-Ohio) said Thursday he thinks the IRS should “just go away” since it can be used by both parties to target political opponents.
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President Trump said Wednesday that Indian Prime Minister Narendra Modi told him that India would stop buying Russian oil, a potentially significant move to further pressure Moscow over its war in Ukraine.
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Branch out with more stories from the day:
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NEW ORLEANS (AP) — A Louisiana judge has tossed out a key permit for a liquefied natural gas facility …
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Business and economic news we’ve flagged from other outlets:
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Tariff costs to companies this year to hit $1.2 trillion, with consumers taking most of the hit, S&P says (CNBC)
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China’s Rare Earth Restrictions Aim to Beat U.S. at Its Own Game (NYT)
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Opinions related to business and economic issues submitted to The Hill:
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