Capturing carbon from coal-burning power plants would increase the cost of electricity at those facilities by as much as 80 percent, more than utilities would get by selling the carbon, an Energy Department official said.
The U.S. government rested its case yesterday in a prosecution that may provide a preview of next year’s trial of Galleon Group LLC co-founder Raj Rajaratnam, accused of helping direct the largest-ever hedge fund insider trading scam, Bloomberg News’ David Glovin reports.
If Republican Tom Massie’s push to dismantle President Barack Obama’s health-care law shuts down the government and costs him his U.S. House seat, he’d happily return to his solar-powered home back in Kentucky with his kids.
House Republican and Senate Democratic leaders are open to a short-term increase in the nation’s debt limit, said congressional aides of both parties who spoke on condition of anonymity to discuss strategy. The steps mark the first movement toward averting a U.S. default.
U.S. budget negotiators are near a deal in which Democrats would accept fresh revenue from user fees and Republicans would agree to more federal spending, steps that could avoid another government shutdown next year.