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.
Representative Paul Ryan is skeptical that humans are changing the earth’s climate and supports tax breaks for oil producers, positions that will ease concerns among conservatives over Mitt Romney’s record on energy and the environment, according to a Republican energy analyst.
Congressional Republicans say they may try again to tie the Keystone XL pipeline to an extension of the U.S. payroll-tax cut, as they prolong a debate with the Obama administration over jobs and the environment.
Senate Republicans vowed to try again to speed up approval of TransCanada Corp.’s Keystone XL oil pipeline after falling four votes short of rounding up enough Democratic support to expedite the project.
Illinois , whose projected deficit equals half its proposed $25.9 billion budget, plans to sell $496.7 million of debt backed by sales taxes today after two rating cuts and as consumers unexpectedly curbed buying in May.
Interior Secretary Ken Salazar , who promised to be the “new sheriff in town” when he took over the agency that regulates offshore drilling, faces increased scrutiny of his leadership before the explosion at a BP Plc well set off the worst U.S. oil spill.
Supporters of TransCanada Corp.’s Keystone XL oil pipeline stepped up their lobbying of President Barack Obama, urging him to approve the project before the State of the Union address in less than two weeks.