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Trump considers Truman-era defense law to save coal and nuclear plants

President Trump holding a "Trump digs coal" sign
Photo: Saul Loeb/AFP via Getty Images

President Trump is considering utilizing the Defense Production Act, a Truman-era national security law, in an effort to keep coal and nuclear power plants operating, Bloomberg reports.

Why it matters: Axios' Amy Harder says this move shows the extreme lengths the Trump administration is going to try to make good on the president's campaign promise to save coal and nuclear. It's also a sign that the government just doesn't have many reasonable policy levers at its disposal to stem the economic tide going against struggling coal and nuclear plants, hence the need to reference a 1950 law.