U.S. Representative Cliff Stearns, who led a House investigation into federal aid to solar-panel maker Solyndra LLC, conceded defeat in Florida’s Republican primary, losing to a Tea Party-backed newcomer, Ted Yoho.
Representative Cliff Stearns, a Florida Republican, said Solyndra Chief Executive Officer Brian Harrison “assured me that everything was just fine” about 30 days before the company closed and filed for bankruptcy.
Republicans led by Representative Darrell Issa are turning their attention from the $535 million in U.S. loan guarantees that went to Solyndra LLC to the Obama administration’s failed effort to rescue the company.
House Ways and Means Chairman David Camp wants to rewrite the tax code by removing breaks and lowering rates. So do President Obama , Senate Finance Chairman Max Baucus and tax-policy experts across the political spectrum.
A123 Systems Inc.’s chief executive officer said the company’s financial rescue by China’s largest auto-parts maker will preserve U.S. jobs, after the agreement drew criticism from congressional Republicans.