President Donald Trump speaks to the press about a critical minerals stockpile with $12 billion in initial funding, as Washington seeks to lower reliance on China for rare earths and other resources, in the Oval Office of the White House in Washington, on Feb. 2, 2026. Saul Loeb/AFP via Getty Images President Donald Trump announced
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WASHINGTON—A partial government shutdown took effect on Jan. 31 after Congress failed to enact funding legislation before the deadline. The Senate had passed a funding package a day earlier, but the House of Representatives failed to pass the bill on time to prevent the shutdown. The funding bill is now pending in the House, which
Washington — The U.S. is launching a $12 billion stockpile of critical and rare earth minerals for non-military civilian purposes, President Trump announced Monday, in an effort to slash reliance on Chinese rare earths and curb Beijing’s leverage in trade talks. “Today we’re announcing the creation of the U.S. strategic critical minerals reserve, the first-ever