“The call came from the White House"
Hi Reader, Last week, a ProPublica investigation revealed that a top aide to the president had intervened to secure a $620 million Pentagon loan to a startup linked to the president’s eldest son. Days later, a group of lawmakers are demanding answers from the White House . Here's what happened: The Pentagon announced the loan to Vulcan Elements last year, about three months after Donald Trump Jr.’s venture capital firm took a stake of undisclosed size in the rare-earth magnet company. Our reporting revealed that the request to lend to the firm was made by Peter Navarro , who serves as the president’s senior counselor for trade and manufacturing and is a friend of Trump Jr.’s. The Pentagon was considering funding for dozens of companies at the time, but Vulcan’s was the only deal initiated by a top aide to the president. And after defense officials got the White House request, they asked Pentagon staff to move at an unusually rapid pace. “The call came...