Commerce Secretary Howard Lutnick reported that the $1 million US gold card visa program has only been approved for one individual. This falls short of earlier government claims regarding the number of applications processed since its launch in December.

US President Donald Trump’s “gold card” visa, where a foreigner can shell out at least US$1 million to legally live and work in the US, has been approved for one person, said Commerce Secretary Howard Lutnick Thursday – appearing to fall a bit short of an earlier claim. After it launched in December, Lutnick said that the government had sold US$1.3 billion “worth” in just several days, as Trump stood by holding up the gilded ticket and said, “essentially it’s the green card on steroids.” Lutnick...