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ProPublica: Lawmakers Demand Answers After White House Intervened for $620M Loan to Firm Tied to Donald Trump Jr.

03 June 2026 08:50

Democratic lawmakers have demanded answers from the White House after a ProPublica investigation revealed that senior counselor Peter Navarro intervened to secure a $620 million Pentagon loan for Vulcan Elements, a startup tied to Donald Trump Jr. - The loan was awarded about three months after Trump Jr.'s venture capital firm took a stake in the company.

- Navarro, a friend of Trump Jr., initiated the request, and Pentagon staff were told to move at an unusually rapid pace. - Lawmakers asked whether the president was aware or involved and whether White House officials have communicated about other Trump-linked companies.

- The White House and Navarro dismissed the report as "fake news," while other lawmakers called for a congressional investigation, citing corruption.

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