But I am here today to testify about the budget and I look forward to discussing the President's budget with you today. But I am volunteering within two weeks to answer any and all questions on this topic. The U.S. decision, the Commerce Department decision to take a U.S. government stake in U.S. rare Earth, $1.6 billion in federal support. And according to reports, the Rare Earth's own CEO publicly said that this deal originated in a November 2025 conversation between yourself and herself with no formal application, no public solicitation, and no competitive process. (03:56–04:10)
CLAIM
Asserts that the U.S. government took a stake in U.S. Rare Earth with $1.6 billion in federal support.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
