Trump says he canceled military parade over 'ridiculously high' cost estimate

The cost for Trump's controversial military parade to be held several days before Veterans Day is reportedly going to top $90 million

The cost for Trump's controversial military parade to be held several days before Veterans Day is reportedly going to top $90 million

The Defense Department says the Veterans Day military parade ordered up by President Donald Trump won't happen in 2018. The official - who spoke on condition of anonymity to discuss plans that haven't been released yet - told AP the new projection is $92 million.

The $92 million estimate includes $50 million from the Pentagon and $42 million from other agencies, including the Department of Homeland Security, according to CNBC.

Trump has expressed a desire for such a parade for years and was greatly impressed by the Bastille Day march he witnessed on a presidential trip to Paris in 2017. An initial estimate last month pegged the prospective cost for the parade at $12 million. Earlier this year, Trump bragged about saving costs by suspending joint military exercises with South Korea, which cost just $14 million.

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Military parades in the United States are generally rare.

President Donald Trump said in February that a military parade in Washington would be "great for the spirit of the country", but that it would need to come at a "reasonable cost".

The parade, still in the planning stages, is scheduled for November 10, marking both the Veterans Day holiday and the 100th anniversary of the end of World War I.

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Trump's administration has already faced a fair amount of criticism for the parade's price tag, particularly from those who think the money could better honor veterans by helping those who return to the US without the proper resources. The Pentagon encouraged the use of wheeled vehicles only, and no tanks to "minimize damage to local infrastructure".

Such large parades have been rare in recent US history, though the George H.W. Bush administration staged a military parade in Washington in 1991 after the conclusion of the Persian Gulf War.

"The American Legion appreciates that our President wants to show in a dramatic fashion our nation's support for our troops", American Legion national commander Denise Rohan said in a statement.

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"We're going to have to try to top it", Trump reportedly joked to Macron at the UN General Assembly in September.

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