WASHINGTON -- Democratic leaders on Tuesday struck back against House Republicans' efforts to make cuts to a Department of Energy loan program in exchange for disaster aid.
They argued that the attack on the Advanced Technology Vehicles Manufacturing Loan Program, which began in September 2008 and allocates funds for U.S. automotive industry projects, would harm job creation and hurt the American people. The program is the latest piece of the 2007 Energy Independence and Security Act that Republicans have been trying to chip away at since George W. Bush signed it into law.
In anticipation of the next continuing resolution for fiscal year 2012, which will fund government operations beyond Sept. 30, the House GOP proposal cuts $1. (Read more...)