Obama seeks no new funding for DOE loan guarantees

“I remain concerned with DOE’s ability to manage and provide oversight of the existing loans,” said Florida Republican and Solyndra investigation lead Rep. Cliff Stearns.

Environment and Energy Daily reports:

President Obama didn’t request any new loan authority for the Department of Energy’s troubled clean energy loan guarantee program in the fiscal 2013 budget request he sent to Congress yesterday — and the only new funding he is seeking for the effort is $38 million to cover ongoing administrative expenses.

But Republicans on Capitol Hill said yesterday that they were skeptical of putting any additional dollars toward a program that has become synonymous with the failed Solyndra solar energy company…

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