Trump administration awards multi-million dollar loan to company partnered with Donald Trump Jr

rawstory.com

A company partnered with Donald Trump Jr. received a multi-million dollar government loan for magnet production, raising conflict of interest concerns. Vulcan Elements, in which Trump Jr. invested, will get a $260 million Defense Department loan as part of a broader $1.4 billion investment in the magnet sector. Ethics attorneys and a congressman have criticized the deal, citing potential financial benefit to the President's family and diverting funds from housing initiatives.


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