President Trump Highlights Economic Successes in First 2026 Cabinet Meeting
President Donald Trump convened his first Cabinet meeting of 2026 on Thursday, focusing on key issues such as the economy, housing, energy, and healthcare costs. The President expressed optimism about the progress his administration has made in these areas.
Economy and Investment
President Trump stated that “$18 trillion is being invested now.” While the exact figure is difficult to verify and may include projected investments, the President has emphasized his commitment to fostering a business-friendly environment that attracts both domestic and foreign investment. The White House has pointed to significant investment commitments across various sectors as evidence of renewed confidence in the American economy.
Housing Market
Secretary of Housing and Urban Development Scott Turner noted that home sales in December rose sharply. While data indicates a rise in home sales, it’s important to note that the housing market continues to face challenges. President Trump has stated his desire to see home values remain strong, which benefits homeowners and the overall economy.
Addressing California Wildfires
President Trump discussed the difficulties in rebuilding homes destroyed in the 2025 California wildfires. He emphasized the need to streamline the permitting process to expedite reconstruction efforts. The President recently signed an executive order to help those affected receive the help they need. While local officials say they are working hard, survivor advocates point to insurance challenges as an obstacle.
Water Management
President Trump reiterated the idea of using water from the Pacific Northwest to combat California wildfires. Experts point out that currently no such water supply exists. The President has consistently advocated for efficient water management to address the needs of communities and protect against wildfires.
Other Claims
President Trump highlighted his administration’s success in resolving international conflicts. While his administration has been involved in diplomatic efforts, the extent of his impact remains a subject of debate.
The President also mentioned “clean, beautiful coal.” He emphasized that while coal production is cleaner than in the past, continuous innovation is needed.
Regarding China, President Trump noted their role in manufacturing wind turbines. China is a major manufacturer of wind turbines, and they are also installing them.
President Trump and his administration remain focused on policies aimed at strengthening the American economy, promoting responsible energy production, and ensuring the safety and prosperity of all Americans.
