Story perspectives

Pentagon Gives $620 M Loan to Trump Jr.’s Firm, Warren Probes

5/29/2026

Summary

Story summary

The Pentagon approved a $620 million loan to Vulcan Elements after a request from White House counselor Peter Navarro.
Donald Trump Jr.’s firm 1789 Capital bought a stake three months earlier, raising valuation from $200 million to $2 billion.
Pentagon staff fast-tracked the loan in weeks, citing a White House directive to complete it.
Senator Elizabeth Warren (D-Mass.) called for a probe while House Republicans blocked a Democratic subpoena of Donald Trump Jr.

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Story summary

The Pentagon approved a $620 million loan to Vulcan Elements after a request from White House counselor Peter Navarro.
Donald Trump Jr.’s firm 1789 Capital bought a stake three months earlier, raising valuation from $200 million to $2 billion.
Pentagon staff fast-tracked the loan in weeks, citing a White House directive to complete it.
Senator Elizabeth Warren (D-Mass.) called for a probe while House Republicans blocked a Democratic subpoena of Donald Trump Jr.