Democrats question reported White House intervention in loan for Donald Trump Jr.
Democrats seek a full explanation after ProPublica reported the loan was initiated by Peter Navarro and Vulcan’s valuation rose tenfold.
- Democratic lawmakers demand answers regarding a $620 million Pentagon loan to Vulcan Elements, following reports that Senior Counselor Peter Navarro intervened to secure funding for the startup linked to Donald Trump Jr.
- ProPublica reported Navarro pushed Pentagon staff to 'move at an unusually rapid pace' to finalize the loan roughly three months after 1789 Capital, where Trump Jr. is a partner, took a stake in the company.
- In a letter to White House Chief of Staff Susie Wiles, lawmakers described the arrangement as 'an egregious example of Trump administration corruption,' questioning whether the intervention superseded fair competition for taxpayer funds.
- Five Democratic lawmakers, including Senator Elizabeth Warren, requested a response by June 16, while Navarro dismissed the allegations as 'fake news on steroids' in a text message.
- Lawmakers are also questioning other government investments involving 1789 Capital-backed firms, including a $10.8 million Pentagon contract and a $100 million Commerce Department investment to PsiQuantum, a quantum chip startup.
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Lawmakers accuse Trump admin of "staggering" corruption over Don Jr.-linked deal
A group of lawmakers demanded answers from the White House this week following a ProPublica investigation revealing that a top aide to the president intervened to secure a $620 million Pentagon loan to a startup linked to the president’s eldest son. ProPublica’s reporting “reveals a staggering level of corruption and influence peddling that superseded this process, enriching the President’s son at the expense of U.S. national security and taxpay…
Democrats question reported White House intervention in loan for Donald Trump Jr.
Several Democratic lawmakers are demanding answers following a report that a White House official intervened to grant a $620 million Pentagon loan to a company linked to President Trump’s eldest son. “We write to demand a full explanation for what appears to be an egregious example of Trump administration corruption involving the White House delivering...
Lawmakers demand answers about $620M Pentagon loan to firm tied to Trump Jr.
A group of lawmakers demanded answers from the White House this week following a ProPublica investigation revealing that a top aide to the president intervened to secure a $620 million Pentagon loan to a startup linked to the president’s eldest son. ProPublica’s reporting “reveals a staggering level of corruption and influence peddling that superseded this process, enriching the President’s son at the expense of U.S. national security and taxpay…
ProPublica
NationofChangeLawmakers Demand Answers After the White House Initiated a $620M Loan to a Firm Tied to Donald Trump Jr.
In a letter, a group of Democratic Congress members wrote that ProPublica’s reporting on the deal “reveals a staggering level of corruption and influence.”
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