Government Races to Close Billions in Renewable Energy Loan Guarantees

The Obama administration is in a race against the clock to close by month's end more than a dozen renewable-energy loan guarantees totaling $ 9 billion. Of that, just over $ 3 billion would come from the federal government's coffers. It now has to do that amid an escalating political battle over a federally backed solar company spiraling into bankruptcy and facing an FBI probe. President Obama once praised the company, California-based Solyndra, as "the true engine of economic growth." At