loan guarantee

One of the many, many contentious issues that make up the ongoing pointless battles between the Democrats and Republicans in Washington, D.C. is the Solyndra case, about how the now-bankrupt solar-power company got loan guarantees. Republicans say the Obama Administration pushed the loans through ...

The U.S. Congress will be seeing a bill this week that, if adopted, would allow automakers the ability to obtain $20 billion in federally backed loan guarantees. The bill is open to any auto manufacturer including foreign-based Toyota and Honda, but it's clearly targeted at the domestics. As the ...