logo
Army estimates that Trump's military parade could cost $16 million in damage to Washington streets

Army estimates that Trump's military parade could cost $16 million in damage to Washington streets

Yahoo3 days ago

The cost to repair Washington, D.C., streets after the upcoming military parade celebrating the Army's 250th anniversary could cost as much as $16 million, according to U.S. military officials.
That's part of an estimated $45 million total cost for the June 14 military parade, which coincides with President Donald Trump's 79th birthday. The cost estimates have fluctuated as planning continues.
In an interview with NBC News' 'Meet the Press' earlier this month, the president defended the cost of the parade, calling it 'peanuts compared to the value of doing it.'
'We have the greatest missiles in the world. We have the greatest submarines in the world. We have the greatest army tanks in the world. We have the greatest weapons in the world. And we're going to celebrate it,' Trump added.
The parade will be part of a massive celebration in downtown Washington that includes a number of events, historical displays and a demonstration by the Army's famous parachute team, the Golden Knights.
The parade itself will include about 130 vehicles, including 28 M1A1 tanks, 28 Bradley Fighting Vehicles, 28 Stryker armored fighting vehicles and a number of vehicles towing artillery launchers. More than 50 helicopters will also participate in an 'extensive flyover' in the nation's capital.
The event will also bring more than 9,000 soldiers from around the country to Washington, about 7,000 of whom will march in the parade itself. The event will also include at least eight Army bands, and some troops will ride on the nearly three dozen horses and two mules expected to march as part of a historical section of the parade.
The soldiers visiting Washington for the parade will be housed in government buildings, including the Department of Agriculture building and a General Services Administration building. A few thousand others will bunk at Joint Base Andrews in Maryland. The troops are expected to eat military rations called meals ready to eat, or MREs, during their stay.
Trump had long wanted a military parade during his first term. But it was canceled over concerns about cost and the optics of a military parade in the nation's capital that could be seen as akin to the kind commonly seen in Moscow, Beijing or Pyongyang, North Korea. The inclusion of tanks in a potential parade also drew concerns about what their tracks might do to the streets of Washington.
The Army is preparing for the potential harm to Washington streets with several measures it hopes will avert damage. These include using 1-inch-thick steel plates, some as long as 20 feet, at places along the parade route where the tanks must turn and where those turns could cause the most damage to the streets. The addition of the steel plates is expected to cost the Army about $3 million, officials said.
The tanks are also being outfitted with new track pads to create separation between the metal track and the ground, the officials said. Army officials said they believe these measures will keep the damage to a minimum and bring the cost of repairing any damage down significantly.
'We are targeting those areas that we have concerns, which primarily are areas where the tracked vehicles are going to have to turn sharply,' said Col. Jesse Curry, the executive officer for the Army Corps of Engineers. 'We are not particularly concerned that this staging area and the routes have been selected to really minimize the risk from weight and damage. But really, those areas where tanks have to turn, particularly the areas where the surface of the pavement, we typically receive an exaggerated level of stress.'
The parade route itself will follow Constitution Avenue along the National Mall from 23rd Street to around 15th Street.
The roughly 50 aircraft will include Black Hawk and Chinook helicopters, including several special operations variants. Also planned to fly are several historic aircraft, including World War II-era B-25s, P-51s and Vietnam-era helicopters.
The parade is expected to last roughly 90 minutes and will be broken into eras: the Revolutionary War, the Civil War, World War I, WWII, the Korean War, the Vietnam War, the Gulf War, the Global War on Terror, the modern Army and the future. The Army's Golden Knights will jump during the presentation about the Army's future and plan to deliver an American flag to Trump.
In the early-May 'Meet the Press' interview, Trump defended himself against claims that the military parade was for his birthday, reiterating that the Army's 250th birthday and Flag Day are also on June 14.
'My birthday happens to be on Flag Day,' he said. 'I view it for Flag Day, not necessarily my birthday. Somebody put it together. But no, I think we're going to do something on June 14, maybe, or somewhere around there. But I think June 14. It's a very important day.'
This article was originally published on NBCNews.com

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Feds seek to ditch settlement over alleged redlining with North Jersey bank
Feds seek to ditch settlement over alleged redlining with North Jersey bank

Yahoo

time31 minutes ago

  • Yahoo

Feds seek to ditch settlement over alleged redlining with North Jersey bank

The Trump administration is asking a judge to drop a 2022 settlement the Justice Department had reached with North Jersey-based Lakeland Bank — which was later absorbed by Provident Bank — over allegations of redlining against Black and Hispanic customers. While Provident Bank said it will continue to provide low-cost mortgages to underserved communities, the motion by the U.S. Justice Department to abandon the settlement has drawn the ire of community advocates and legal experts, who say it would make it easier for banks to engage in redlining. 'It goes without saying it's a good thing when financial institutions are complying with those consent orders, but when you take away the teeth — the actual enforcement — who's to say that they will continue to comply,' said Leila Amirhamzeh, director of community reinvestment for New Jersey Citizen Action, a consumer advocacy four-page motion by the Justice Department, filed May 28 in U.S. District Court, seeks to terminate the consent order the Biden administration negotiated with what was then Lakeland Bank. In the initial complaint, the Justice Department said Lakeland violated the federal Fair Housing Act and Equal Credit Opportunity Act by deliberately avoiding banking with Black and Hispanic customers, particularly in and around Newark. The discrimination in question allegedly took place between 2015 and 2021, according to the Biden administration. To settle the complaint, Lakeland agreed to pay $12 million to subsidize mortgages, home improvement loans and home refinancing loans for Black and Hispanic residents and open two branches in underserved neighborhoods. Lakeland also had to provide $150,000 a year for advertising, outreach and consumer finance education in the Newark area. Newark Mayor and Democratic gubernatorial candidate Ras Baraka wanted one of those new branches to be in his city, and the Greater Toms River Chamber of Commerce also wanted a branch in its area. According to the Provident Bank website, there are currently four locations in Newark and three in Toms River. After acquiring Lakeland, Provident took ownership of the settlement and the mandate to open two branches in underserved areas of New Jersey. The Justice Department in its motion to terminate the order said Lakeland reached substantial commitment to comply with the consent agreement and it is committed to continuing its disbursement of the loan subsidy. Provident spokesperson Keith Buscio told and the USA TODAY Network New Jersey that the bank remains committed to the loan subsidy initiative. He said Provident is not a party to the litigation and referred other questions to the Justice Department. The Justice Department could not immediately be reached for comment. Baraka's office in Newark said it is planning to hold a press conference about the motion by the Justice Department on June 5. Court filings show two attorneys who helped file the initial complaint against Lakeland, Michael Campion and Susan Millenky, withdrew as counsel from the case. Campion was appointed in 2022 to lead the U.S. Attorney's Office's Civil Rights Division that was created to enforce federal civil rights laws in New Jersey. The Fair Housing Act was passed as part of the Civil Rights Act of 1968 to prohibit landlords and mortgage lenders from discriminating based on race, religion, national origin or sex. Nearly 60 years later, racial wealth disparity remains vast. In New Jersey, the median household wealth of white families is $322,500, compared with $17,700 for Black families and $26,100 for Hispanic families, the New Jersey Institute for Social Justice said. In New Jersey, 77.3% of white residents owned a home in 2020. By comparison, 42.8% of Black residents and 32.7% of Hispanic residents were homeowners, according to the Urban Institute, a research group. Critics said the Justice Department's motion to drop the Lakeland settlement is a step by the Trump administration's bid to reverse diversity, equity and inclusion programs. David Troutt, a professor at Rutgers Law School in Newark, said the motion by the Justice Department to terminate the consent decree is part of a larger campaign by the department to rescind investigations and agreements involving anti-Black racism, while beginning investigations into what it deems 'illegal DEI.' 'The Trump administration's withdrawal from a federal consent decree without justification is an extraordinary act of endorsing racist practices and housing market manipulation,' Troutt said. 'For the very government that successfully enforced those borrowers' civil rights to now repudiate them sends a message unlike any we've seen since the federal government first endorsed redlining in the 1930s,' Troutt said. Lakeland isn't the only New Jersey bank that faced scrutiny under the Biden administration. Toms River-based OceanFirst Financial Corp. agreed to pay $14 million to subsidize mortgages, helping settle a lawsuit that alleged the bank violated federal discrimination laws. Since then, it has improved the rating given by federal bank regulators who oversee investments in underserved communities to 'outstanding.' The Justice Department hasn't filed a motion seeking to terminate the consent order with OceanFirst. But two attorneys who represented the U.S. in the initial complaint, Millenky and Nathan Shulock, have filed motions to withdraw from the case, according to the court docket. A combined 22 Provident and Lakeland branches closed in 2024 following the $1.3 billion merger creating a 'super community bank.' Each branch that closed was within roughly three miles of a nearby branch. Activists and opponents warned that the merger would mean fewer banking services would be available for underserved communities, such as people of color, the elderly and disabled. New Jersey Citizen Action applauded Provident for its continued commitment to the terms of the consent order. But the group said the Justice Department should continue to enforce it. 'When you actually terminate these consent orders, there's no deterrence, and it's basically telling financial institutions that the Department of Justice is going to be taking a hands-off approach to fair lending issues, to redlining,' New Jersey Citizen Action's Amirhamzeh said. Daniel Munoz covers business, consumer affairs, labor and the economy for and The Record. Email: munozd@ Twitter:@danielmunoz100 and Facebook Michael L. Diamond is a business reporter for the Asbury Park Press. He has been writing about the New Jersey economy and health care industry since 1999. He can be reached at mdiamond@ This article originally appeared on Feds seek to drop Lakeland Bank settlement over alleged redlining

Trump formally asks Congress to claw back approved spending targeted by DOGE
Trump formally asks Congress to claw back approved spending targeted by DOGE

Los Angeles Times

time31 minutes ago

  • Los Angeles Times

Trump formally asks Congress to claw back approved spending targeted by DOGE

WASHINGTON — The White House on Tuesday officially asked Congress to claw back $9.4 billion in already approved spending, taking funding away from programs targeted by Elon Musk's Department of Government Efficiency. It's a process known as 'rescission,' which requires President Donald Trump to get approval from Congress to return money that had previously been appropriated. Trump's aides say the funding cuts target programs that promote liberal ideologies. The request, if it passes the House and Senate, would formally enshrine many of the spending cuts and freezes sought by DOGE. It comes at a time when Musk is extremely unhappy with the tax cut and spending plan making its way through Congress, calling it on Tuesday a 'disgusting abomination' for increasing the federal deficit. White House budget director Russ Vought said more rescission packages and other efforts to cut spending could follow if the current effort succeeds. ' Here's what to know about the rescissions request: The request to Congress is unlikely to meaningfully change the troublesome increase in the U.S. national debt. Tax revenues have been insufficient to cover the growing costs of Social Security, Medicare and other programs. The Congressional Budget Office estimates the government is on track to spend roughly $7 trillion this year, with the rescission request equaling just 0.1% of that total. White House press secretary Karoline Leavitt told reporters at Tuesday's briefing that Vought would continue to cut spending, hinting that there could be additional efforts to return funds. 'He has tools at his disposal to produce even more savings,' Leavitt said. Vought said he can send up additional rescissions at the end of the fiscal year in September 'and if Congress does not act on it, that funding expires.' 'It's one of the reasons why we are not putting all of our expectations in a typical rescissions process,' he added. A spokesperson for the White House Office of Management and Budget, speaking on condition of anonymity to preview some of the items that would lose funding, said that $8.3 billion was being cut from the State Department and the U.S. Agency for International Development. NPR and PBS would also lose federal funding, as would the U.S. President's Emergency Plan for AIDS Relief, also known as PEPFAR. The spokesperson listed specific programs that the Trump administration considered wasteful, including $750,000 to reduce xenophobia in Venezuela, $67,000 for feeding insect powder to children in Madagascar and $3 million for circumcision, vasectomies and condoms in Zambia. House Speaker Mike Johnson, R-La., complimented the planned cuts and pledged to pass them. 'This rescissions package reflects many of DOGE's findings and is one of the many legislative tools Republicans are using to restore fiscal sanity,' Johnson said. 'Congress will continue working closely with the White House to codify these recommendations, and the House will bring the package to the floor as quickly as possible.' Members of the House Freedom Caucus, among the chamber's most conservative lawmakers, said they would like to see additional rescission packages from the administration. 'We will support as many more rescissions packages the White House can send us in the coming weeks and months,' the group said in a press release. Sen. Susan Collins, chair of the Senate Appropriations Committee, gave the package a less optimistic greeting. 'Despite this fast track, the Senate Appropriations Committee will carefully review the rescissions package and examine the potential consequences of these rescissions on global health, national security, emergency communications in rural communities, and public radio and television stations,' the Maine lawmaker said in a statement. Boak writes for the Associated Press.

Citigroup reverses firearms policy after pressure from Trump administration on big banks
Citigroup reverses firearms policy after pressure from Trump administration on big banks

Yahoo

time33 minutes ago

  • Yahoo

Citigroup reverses firearms policy after pressure from Trump administration on big banks

A month after the 2018 mass school shooting in Parkland, Florida, Citigroup enacted restrictions for its clients that sold firearms — the first major bank on Wall Street to do so. On Tuesday, the bank rolled back that policy. 'We also will no longer have a specific policy as it relates to firearms,' the company said in a statement Tuesday. 'The policy was intended to promote the adoption of best sales practices as prudent risk management and didn't address the manufacturing of firearms.' The decision comes as the Trump administration alleges that Wall Street is biased against conservatives — a right-wing talking point since more than a dozen state auditors accused Bank of America of 'politicized de-banking' in an open letter last year (de-banking is when a bank closes an account for a customer it deems high risk). At the time, Bank of America said it has 'no political litmus test.' On Tuesday, Citi said it was 'following regulatory developments, recent Executive Orders and federal legislation.' In 2018, Citi said it would ban banking services to businesses that sold firearms to those under 21, those who didn't pass a background check, or sold bump stocks (used by the gunman in the 2017 mass shooting in Las Vegas) or high-capacity magazines. The policy applied to small businesses, commercial and institutional clients, and credit card partners, but did not restrict how individual customers used their cards. Big banks have recently caught the ire of the president as well as the crypto industry. In January at the annual World Economic Forum, President Donald Trump scolded Brian Moynihan, the CEO of Bank of America. 'You've done a fantastic job, but I hope you start opening your bank to conservatives, because many conservatives complain that the banks are not allowing them to do business within the bank,' Trump said. 'You and Jamie and everybody… What you're doing is wrong,' referring to JPMorgan Chase head Jamie Dimon. Citigroup also announced on Tuesday that it will update its employee Code of Conduct and its external Global Financial Access Policy 'to clearly state that we do not discriminate on the basis of political affiliation in the same way we are clear that we do not discriminate on the basis of other traits such as race and religion.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store