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BUSINESS
March 29, 2012 | By Jim Puzzanghera
Hollywood has been dragged into the dispute over the fate of the Export-Import Bank, with a leading foe of the institution criticizing past loan guarantees for Hollywood movies. The fiscally conservative Club for Growth, which has been pushing lawmakers to oppose the bank's re-authorization, took aim Thursday at four independent films that received loan guarantees in 2002 for foreign distribution under a program that ended a year later. The movies included "The United States of Leland," starring Don Cheadle, Ryan Gosling and Kevin Spacey, about a troubled youth's experiences in a juvenile detention center, and "High Voltage," about "a military solar energy project gone awry," according to a 2002 news release from the bank.
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WORLD
March 27, 2014 | By Michael A. Memoli
WASHINGTON - Congress' work on legislation to address the crisis in Ukraine - a three-week ordeal that included no shortage of partisan wrangling - appears to be nearing a conclusion. Both the Senate and the House voted overwhelmingly Thursday to approve separate bills to impose sanctions on Russia for its incursion into Crimea and offer $1 billion in aid for Ukraine's fledgling interim government. Reconciling differences between each chamber's approach - often a complicated process, particularly in recent years - is expected to be swift and would give President Obama a chance to sign the package into law this weekend.
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BUSINESS
September 15, 2012 | By Danielle Ryan, Los Angeles Times
WASHINGTON — The Republican-controlled House approved a bill Friday that would limit the Energy Department's power to issue loan guarantees for new green-energy projects, a move stemming from the controversy over the failure of California solar equipment maker Solyndra. The so-called No More Solyndras Act is the Republicans' response to the collapse of Solyndra two years after it received a $535-million loan guarantee from the Obama administration. The measure was approved 245 to 161, mostly along party lines.
WORLD
March 24, 2014 | By Lisa Mascaro
WASHINGTON -- Legislation to approve $1 billion in loan guarantees for Ukraine and impose sanctions against Russia cleared a key Senate hurdle Monday, but Congress remained locked in a partisan fight over the details of the package. By a vote of 78-17, the measure advanced after overcoming the threat of a GOP filibuster and objections from Sen. Ted Cruz (R-Texas) and other tea party-aligned conservatives. But the Senate package still faces opposition in the House, where Republicans -- with backing from key Democrats -- are crafting their own version.
BUSINESS
October 28, 2011 | By Peter Nicholas and Neela Banerjee
Reporting from Washington Shifting its position on Energy Department loan guarantees, the White House said it would review all pledges to avoid such ill-fated decisions as the much-publicized $535-million loan guarantee for California solar equipment maker Solyndra, which fell into bankruptcy early last month. The step aims to defuse the embarrassing Solyndra episode, which has given rise to criticism that the Obama administration has wasted hundreds of millions of dollars in public money.
CALIFORNIA | LOCAL
March 6, 1992
With all the speculation over the Bush Administration's motivations in denying Israel $10 billion in loan guarantees, perhaps the pundits are overlooking the simple, obvious reason: It is wrong to support the usurpation and dispossession of one people over another. We are reminded frequently that Israel is "the only democracy in the Middle East." I wonder how many countries that hold almost 2 million people under their power without any rights can claim to be democratic? The Bush Administration should be commended for taking a moral stand.
BUSINESS
February 26, 1998 | Daryl Strickland
In an effort to increase the number of black-owned businesses, the U.S. Small Business Administration announced a plan this month to double the annual level of loan guarantees to African American entrepreneurs over the next three years. Blacks own only 3.6% of the small enterprises in the country, but make up 12.6% of the population. In order to get the word out, the SBA will use banks and black organizations such as the National Urban League and the National Black Chamber of Commerce.
WORLD
March 19, 2014 | By Lisa Mascaro
WASHINGTON - Lawmakers are hammering President Obama for a stronger U.S. response to the crisis in Ukraine, but Congress has so far been unable to provide a unified course of action amid its own partisan divisions in an election year. Various proposals are being floated in Congress to shore up the new Ukrainian government and punish Russia for its move toward annexation of Crimea. Republicans want to expand U.S. natural gas exports to Europe to reduce Western allies' reliance on the flow of fuel from Russia.
WORLD
March 6, 2014 | By Lisa Mascaro
WASHINGTON - The Republican-controlled House approved up to $1 billion in loan guarantees for Ukraine on Thursday, backing President Obama's request to help the new government. The aid package sailed through the House on a robust bipartisan vote of 385-23, even as Republicans in Congress have voiced criticism of Obama's foreign policy leadership. The measure won support from many fiscal conservatives who typically resist such spending bills because the funding will come from a State Department loan program that has already been allocated.
NEWS
March 4, 2014 | By Kathleen Hennessey
WASHINGTON - The Obama administration will ask Congress to approve $1 billion in loan guarantees and other assistance to help stabilize the new, pro-Western government in Ukraine, Treasury Secretary Jacob Lew said Tuesday. The loans will be part of a larger international aid package coordinated by the U.S. and European allies, and distributed largely through the International Monetary Fund. The money is needed to close a gaping budget hole left when the Ukraine opposition deposed President Viktor Yanukovich and rejected a loan package from Moscow.
BUSINESS
February 11, 2013 | By Jim Puzzanghera
WASHINGTON -- Karen Mills, the former venture capitalist who has headed the Small Business Administration for the past four years, is stepping down, the White House said Monday. In a message to the agency's staff, Mills said she would stay until a successor is confirmed by the Senate. "Four years ago, when I arrived at the SBA, America's small businesses and entrepreneurs were struggling in the face of the worst economic environment since the Great Depression - and a banking sector that was frozen," Mills said.
NEWS
February 1, 2013 | By Neela Banerjee
WASHINGTON -- Energy Secretary Steven Chu said he is leaving the Obama administration, ending a tenure marked by active development of alternative energy that won plaudits from environmentalists and drew attacks from conservatives, especially after the bankruptcy of the federally-backed solar panel maker, Solyndra. Chu said that he planned to stay at least through late February and was prepared to stay longer in order to hand over the agency to a new secretary. A Nobel laureate in physics, Chu oversaw the deployment of $35 billion in stimulus funding, much of it to research initiatives and companies charting new vehicle fuels, advanced batteries for large-scale power storage and  renewable energy.
BUSINESS
September 15, 2012 | By Danielle Ryan, Los Angeles Times
WASHINGTON — The Republican-controlled House approved a bill Friday that would limit the Energy Department's power to issue loan guarantees for new green-energy projects, a move stemming from the controversy over the failure of California solar equipment maker Solyndra. The so-called No More Solyndras Act is the Republicans' response to the collapse of Solyndra two years after it received a $535-million loan guarantee from the Obama administration. The measure was approved 245 to 161, mostly along party lines.
BUSINESS
April 14, 2012 | By Jim Puzzanghera, Los Angeles Times
WASHINGTON — Urging Republicans to reauthorize funding of the Export-Import Bank, Commerce Secretary John Bryson said that losing the institution and its vital role in the economy would be "unacceptable. " Many in the GOP have been blocking the Obama administration's proposed reauthorization, under which the bank's total lending authority would increase to $140 billion by 2015 from the current $100-billion cap. "Reauthorizing the Export-Import Bank should be a straightforward, sound and simple decision," Bryson said Friday.
BUSINESS
April 13, 2012 | By Jim Puzzanghera
WASHINGTON -- With many Republicans blocking re-authorization of the Export-Import Bank, Commerce Secretary John Bryson called the institution an example of good government that plays a vital role in the economy. "Reauthorizing the Export-Import Bank should be a straightforward, sound, and simple decision," Bryson said Friday.  "Or put another way, losing Ex-Im at a time when America's businesses and workers are just getting back on their feet, would be unacceptable. " Bryson made the comments in prepared remarks before a receptive audience -- the bank's annual conference in Washington.
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