President Trump's proposed military parade will cost around $12 million — just $2 million less than what the now-cancelled military exercises with South Korea would have cost, which Trump has described as "tremendously expensive," CNN reports.

The details: The parade, scheduled for November 10, will "focus on celebrating veterans and involve US troops in period uniforms as well as US military aircraft but no heavy vehicles like tanks in order to prevent damage to infrastructure," according to CNN. Officials note that the cost is a planning number and is subject to change.