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Lawmakers Demand Answers After the White House Initiated a $620M Loan to a Firm Tied to Donald Trump Jr.
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US Lawmakers Demand Answers Over White House Intervention in $620M Pentagon Loan to Trump-Linked Firm

A group of Democratic lawmakers has written to the White House demanding answers regarding a $620 million Pentagon loan to Vulcan Elements, a startup linked to Donald Trump Jr. ProPublica reported that Peter Navarro, the president’s senior counselor for trade and manufacturing, intervened to secure the loan for the rare-earth magnet company after his venture capital firm took a stake in the business. The lawmakers allege corruption and influence peddling, questioning whether the president was aware of the intervention. Navarro dismissed the allegations as "fake news," while the White House and Pentagon maintained that the deal was in the national interest and that no preferential treatment was given.

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