Sept. 14 (Bloomberg) -- Jeffrey Zients, acting director of the US Office of Management and Budget, and Jonathan Silver, director of the loan program for the US Energy Department, testify today before a House Energy and Commerce subcommittee about the White House's involvement in the review of a $535 million US loan guarantee to Solyndra LLC, a solar-panel. Solyndra, promoted by the Obama administration as a successful example of the use of stimulus money to spur development of a clean-energy industry, filed for bankruptcy on Sept. 6, and two days later its offices were raided by the Federal Bureau of Investigation. Bloomberg's Megan Hughes reports from Washington. (Source: Bloomberg)
In the News:
 msnbc.com | Solyndra and the White House The Economist Mr Obama, on a subsequent visit, declared: “The true engine of economic growth will always be firms like Solyndra.” Solyndra has laid off all its 1100 staff. That would be bad enough. But it turns out that White House staff nagged the Department of ... OVERNIGHT ENERGY: Issa set to blast administration over 'green jobs'The Hill (blog) Issa panel to review government loansUPI.com all 386 news articles » |
Role of White House Aides Questioned in Solyndra Hearing Washington Post 14 (Bloomberg) -- Jeffrey Zients, acting director of the US Office of Management and Budget, and Jonathan Silver, director of the loan program for the US Energy Department, testify today before a House Energy and Commerce subcommittee about the White ... and more » |
 Global Warming (blog) | Blame China for Solyndra's Downfall? Global Warming (blog) Emails obtained by the Committee suggest that White House pressure for quick approval may have compromised the depth and quality of DOE and Office of Management and Budget (OMB) review of Solyndra's loan application (Documents Entered into Record, pp. ... Solyndra Executives to Plead the FifthWall Street Journal Solyndra executives will invoke the Fifth at House hearingWashington Post Lawmakers Pursue Investigations Into Solyndra LoanFox News National Journal -Catholic Online -International Business Times all 1,103 news articles » |
 Wall Street Journal | White House Aides Pushed for Solyndra Decision, Panel Says BusinessWeek Republicans on the House Energy and Commerce Committee released the findings of a seven-month investigation into US support for Fremont, California-based Solyndra today before a hearing at which two administration officials faced sharp questions about ... White House role questioned in stimulus loan for failed solar companyCNN Lawmakers question loan to solar companyWashington Post Parties Clash Over Solar-Panel MakerWall Street Journal National Review Online (blog) -New York Times all 2,284 news articles » |
 ABC News | Solyndra's California Headquarters Raided by FBI, Agency Spokeswoman Says Bloomberg Kaiser made 16 visits to the president's aides since 2009, according to White House visitor logs. The Federal Bureau of Investigation executed a search warrant at Solyndra, bureau spokeswoman Julie Sohn said in an interview. ... FBI Raids Bankrupt Solyndra as Lawmakers Question FinancesSan Francisco Chronicle all 964 news articles » |
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