Republicans aligned with the small- government Tea Party movement are pushing House Speaker John Boehner for an Obamacare alternative, risking a split in party unity ahead of the November congressional election.
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.
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.
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.
Energy Secretary Steven Chu told lawmakers he was responsible for the $535 million U.S. loan guarantee to Solyndra LLC and said he doubted much of the money would be recovered after the company’s bankruptcy.