March 6, 2014 |
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.
March 4, 2014 |
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.
February 11, 2013 |
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.
February 1, 2013 |
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.
September 15, 2012 |
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.
April 14, 2012 |
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.