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5 days ago

Trump expected to unveil $700M coal industry support plan using Defense Production Act

President Donald Trump is expected to announce a nearly $700 million initiative Thursday aimed at supporting the U.S. coal industry, including funding for power plant upgrades, new projects and export infrastructure.According to a White House official, Trump plans to invoke the Defense Production Act, a Cold War-era law that grants presidents broad authority over industries considered vital to national security, to direct federal support to coal projects across the country.The announcement could come as soon as Thursday afternoon during a White House event focused on what the administration ha...