Office of Budget and Management

4 Stories

White House Almost Gave Solyndra Another Loan

Even as auditors warned the company was in trouble

(Newser) - Just days after Solyndra received its $535 million government-backed loan in September 2009 it applied for another one—this time for a mere $469 million—and the Energy Department put that request on a fast-tracked priority list, sources tell the Washington Post . The department was still seriously considering the request... More »

Obama Rushed Solyndra Loan

Congressional investigation says OMB had misgivings

(Newser) - The White House pressed the Office of Budget and Management to speed up its approval of a $535 million loan to now-bankrupt solar panel maker Solyndra, so that Joe Biden could announce it at a September 2009 groundbreaking for the company’s new factory, according to emails that Republican congressional... More »

Feds Axing Half of .Gov Websites

Sites cut in campaign to cut waste

(Newser) - The federal government is planning to ax or consolidate nearly half of its 2,000 websites in an effort to cut waste and make it easier to find information online. The plan, part of a larger campaign to cut waste, will see close to a quarter of the .gov sites... More »

Improved Deficit Can't Last

US faces huge future budget crunch

(Newser) - The federal deficit is falling: The OMB yesterday predicted a $205 billion deficit for 2007, down from last year and half of what it was at the peak in 2004. But the fiscal good news is not likely to last, the Christian Science Monitor reports. The OMB also predicts the... More »

4 Stories

AROUND THE WEB