Trump invokes Defense Production Act to spend $150 million on fuel output
4 sourcesLeft-leaning 0Center 3Right-leaning 1
Summary
President Trump invoked the Cold War-era Defense Production Act on Thursday, directing up to $150 million in federal spending to boost domestic gasoline and diesel production. The move, detailed in a presidential memorandum, allows the administration to offer financial incentives for oil-related activities including drilling, pipeline construction and fuel storage, as the White House seeks to lower consumer gas prices.
Center
- Trump invokes Cold War-era Defense Production Act for oil production, refiningReuters · Oct 22, 5:14 PM
- Trump announces he’ll use Defense Production Act to increase domestic gas productionThe Hill · Oct 22, 10:54 PM
- Trump invokes Cold War-era act to bolster U.S. gasoline productionUPI · Oct 23, 1:50 AM
Right-leaning
- Trump invokes Cold War-era Defense Production Act to expand oil productionWashington Times · Oct 22, 10:20 PM