Constellation Energy Group Inc. pulled out of negotiations on a $7.5 billion loan guarantee to build a nuclear reactor in Maryland with Electricite de France SA , potentially damaging the French utility’s U.S. expansion plans and the companies’ partnership.
Look through President Barack Obama ’s proposed 2011 budget, and you’ll see a line calling for a $235 million increase in the Justice Department’s funding to fight financial fraud. Lucky for them, the people who wrote the budget can’t be prosecuted for cooking the government’s books.
Senate Majority Leader Harry Reid said he will introduce a temporary spending measure to keep the government operating into early April, an effort to buy time for negotiations on a longer-term agreement.
President Barack Obama will send a multitrillion budget to Congress on Feb. 14, administration spokesman Kenneth Baer said, setting up a conflict over spending that may dominate a divided Congress for the rest of the year.
Boeing Co.’s F/A-18E/F Super Hornet program received a boost in the final version of the fiscal 2010 defense policy bill, with House and Senate negotiators allowing a third five-year Defense Department contract for the plane.