The New York Times issued two corrections on Monday after Under Secretary of State Jacob Helberg called them over its coverage of President Donald Trump’s administration’s investor consortium.
Helberg called out the Times on Saturday for adding “completely fabricated quotes” in its article, “Trump Sets ‘Pax Silica’ Fund to Reduce Global Dependencies,” which covered the administration’s plan to collectively invest in energy products, minerals, and semiconductors. The Times issued at least three corrections after misquoting Helberg several times.
“The @NYTimes completely FABRICATED quotes that never happened. We submitted corrections (multiple times). They ignored them. So for posterity, sharing my full remarks,” Helberg said.
The @NYTimes completely FABRICATED quotes that never happened. We submitted corrections (multiple times). They ignored them. So for posterity, sharing my full remarks.👇 https://t.co/IfEWvimG6i pic.twitter.com/TrW0OQG20Q
— Under Secretary of State Jacob S. Helberg (@UnderSecE) March 29, 2026
The Times said the outlet corrected the errors after being made aware of them. The paper corrected an earlier statement that said the investment sought out $4 trillion, though it only sought $1 trillion. It also falsely quoted Helberg calling the situation in the Strait of Hormuz a “blessing,” though he actually called it a “lesson.”
We corrected the errors as soon as we became aware of them. pic.twitter.com/aN6t17MCUr
— NYTimes Communications (@NYTimesPR) March 29, 2026
The article also initially reported that members were committed to investigating $1 trillion, though Helberg said they had that amount in assets under management. The Times did not immediately respond to the Daily Caller News Foundation’s request for comment.
Helberg said the new initiative would serve as a “catalyst” while the U.S. and other nations face supply chain concerns.
The Times has been forced to issue corrections while covering conservatives in the past, including when the outlet falsely reported that the late Turning Point USA founder Charlie Kirk made an antisemitic claim on his podcast. The outlet also notably issued a correction in 2021 after claiming that Border Patrol agents were whipping Haitian migrants with horse reins.
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