defense-production-act
4 stories related to this topic, newest first.
SemaforU.S. Provides Nearly $700 Million to Support Coal Production and Infrastructure
President Trump directed nearly $700 million to coal plants and infrastructure on June 4 using Cold War-era authorities. The move forms part of an effort to increase output of oil, gas, and coal.
upi.comTrump Administration Considers Defense Production Act for Spirit Airlines Bailout
The Trump administration is exploring the use of the Defense Production Act to provide a $500 million loan to Spirit Airlines amid its second bankruptcy in two years. Rising jet fuel costs from the Iran war have strained the airline, prompting discussions of federal intervention…
onemileatatime.comU.S. Government Considers Defense Production Act Loan for Spirit Airlines Amid Bankruptcy
The Trump administration is considering using the Defense Production Act to provide a federal bailout for Spirit Airlines, which has filed for bankruptcy twice in recent years. The plan involves a $500 million loan and potential Pentagon use of the airline's capacity. Officials a…
Trump Invokes Defense Production Act to Boost Domestic Energy Production
President Donald Trump signed five determinations under the Defense Production Act to accelerate domestic production of oil, natural gas, coal, and related infrastructure. The move aims to address rising energy prices amid the war in Iran by authorizing federal support to overcom…