Trump's $1M 'gold card' visa approved for one

The Trump administration's new 'gold card' visa program, which requires a minimum $1 million investment for U.S. residency, has seen extremely limited uptake. Commerce Secretary Howard Lutnick has revealed that only one applicant has been approved so far. The program, officially known as the EB-5 Immigrant Investor Program Modernization, was touted as a way to attract significant foreign capital. Its lack of success raises questions about the demand for such a high-cost immigration pathway under the current economic and political conditions.