White House officials said President Trump plans to invoke the Cold War‑era Defense Production Act of 1950 to direct hundreds of millions of dollars in federal funding to support construction of coal‑fired power plants and a U.S. fossil‑fuel export t

2026-06-04

White House officials said President Trump plans to invoke the Cold War‑era Defense Production Act of 1950 to direct hundreds of millions of dollars in federal funding to support construction of coal‑fired power plants and a U.S. fossil‑fuel export terminal. He is expected to announce the move at an Oval Office event on Thursday.