Update (2320ET): While predicted to be '2 or 3 hours,' President Trump's State of the Union was just 109 minutes - though it was still the longest on record since at least 1964. Trump emphasized border security, energy production, and tax policies while throwing Democrats under the bus over the economy and unchecked illegal immigration.

Trump declared the "Golden Age of America" and stated that the state of the union is "strong," tying themes to the nation's upcoming 250th anniversary.

Key Economic Highlights

Trump highlighted a robust economic recovery, claiming:

• Core inflation has dropped to 1.7% in recent months, the lowest in over five years. (based on the average of annualized rates of monthly CPI growth)

• Mortgage rates are at four-year lows, reducing typical new mortgage costs by nearly $5,000 annually.

• Record stock market highs since his election, with "everybody's portfolios gaining".

• More Americans employed than ever, with 100% of new jobs in the private sector and 2.4 million off food stamps.

• $18 trillion in global investment commitments in his first year, compared to under $1 trillion under Biden.

• Ended DEI initiatives and cut regulations to boost growth.