loan guarantee

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White House Counsel Refuses Solyndra Subpoena

Says it's too broad, smacks of 'partisan politics'

(Newser) - The White House is fighting back over a House panel's subpoena of all Solyndra documents , refusing to comply and accusing the subpoena of being "driven more by partisan politics than a legitimate effort to conduct a responsible investigation," reports CNN . The "extremely broad request" is "... More »

House Panel Subpoenas White House Solyndra Docs

Last-ditch efforts to avoid the move prove fruitless

(Newser) - Despite last-minute efforts by the White House, the House Energy and Commerce Committee panel today authorized subpoenas for internal White House documents related to the Solyndra mess. The Washington Post calls the move “apparently unprecedented.” President Obama’s top lawyer had sought a deal and White House officials... More »

Perry, Paul Sought Energy Subsidies They Bash

They lobbied for loan guarantees for a Texas nuclear plant

(Newser) - Rick Perry and Ron Paul have been speaking out against federal energy subsidies—in spite of the fact that they actively lobbied to get a Texas company a slice of them three years ago, the Washington Post observes. “We don’t need to be subsidizing energy in any form... More »

US Was Blind to Cracks at Solyndra

Firm launched $1.8M lobbying campaign

(Newser) - The Obama administration, eager to approve funding for a hard-lobbying Solyndra, overlooked key flaws that ultimately brought down the company, insiders and analysts tell the New York Times . None of the other solar panel firms that received federal loan guarantees hired lobbyists; “it was made clear to us early... More »

Ex-Solyndra Employees Saw Scads of Wasted Money

Government loan 'made people sloppy'

(Newser) - Cheer up, taxpayers: Solyndra may never pay back its $535 million loan , but it put the money to good use. Like, for example, building a shiny conference room with nifty glass walls that could turn solid gray at the flip of a switch. That’s one of several questionable expenditures... More »

Obama Pledges $8B to Build Nuclear Plant

It would be the first in the US in 30 years

(Newser) - President Obama today pledged to guarantee $8 billion in loans to build a new nuclear power plant in the US—the first in 30 years—as part of his clean energy agenda. To make green power a reality, the president told a gathering of union electrical workers, “we’ll... More »

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