It seems like an idea all Republicans would love: the U.S. sells the largest federally owned power company, paying down debt and ending a project begun at the height of the New Deal’s government expansion.
U.S. House Republicans have closed their 18-month investigation of Solyndra LLC’s loan guarantee after issuing three subpoenas, conducting five hearings and reviewing than 300,000 documents. Now, the issue lives on in the presidential campaign.
Senate Republicans blocked a Democratic bill to repeal about $24 billion in U.S. tax breaks for the nation’s biggest oil companies, three days after agreeing to advance the measure as a way to debate energy.
U.S. gasoline prices at the pump, headed to $4 a gallon in April, are dropping toward $3 as the July Fourth holiday approaches, giving consumers relief and a boost to President Barack Obama’s re-election campaign.