Energy Secretary Chu testified in Congress Thursday for nearly four hours. He took responsibility for extending loan guarantees to the now-bankrupt Solyndra, but said his actions were strictly legal.
Faced with a growing scandal over the bankrupt Solyndra solar power company, the Obama administration has ordered an independent review of government loans to energy companies. Republican lawmakers say they'll subpoena internal White House communications on Solyndra.
President Obama has said he will help ease student loan debt, claiming he doesn't even need Congress to do it. It seems the Education Department has the cash to back him up.
Solyndra loan restructuring might violate federal law, Treasury worried, according to released e-mails. House panel aims to determine Energy Department's culpability in aiding Solyndra investors ahead of taxpayers.
Solar energy company Solyndra CEO Brian Harrison and the chief financial officer, Bill Stover, both invoked their Fifth Amendment right to decline to testify to avoid self-incrimination.
With near permanent brinksmanship the new normal, Congress headed into votes Friday to try to avert a government shutdown that is slated to occur on Oct. 1 if a continuing resolution bill is not passed.