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Gov’t audit: Stimulus funds for energy go unspent

Two years after the economic stimulus plan, a new government audit finds that about one-third of the money authorized for an energy efficiency program has not been spent. The Energy Department’s inspector general says that state and local governments have left as much $879 million unspent from a $2.7 billion program intended to boost energy… Continue Reading Gov’t audit: Stimulus funds for energy go unspent

The Obama administration has been responding to questions about the effectiveness (or lack thereof) of the $787 billion stimulus program since the president signed the bill at the Denver Museum of Nature and Science back in early 2009. But the wheels of the government grind slowly, and perhaps the administration’s response should have been: just… Continue Reading Government-sponsored green programs keep sprouting up

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A photo of President Barack Obama hangs on the wall in CoraFaye’s Cafe, a short walk from the Denver museum where Obama signed into law the most sweeping U.S. economic package in decades in an attempt to put people back to work and end the worst downturn since the Great Depression. But the folks tucking… Continue Reading Stimulus spending looms large in midterm contests

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SBA resumes 90% guarantees on 7(a) loans

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The Small Business Administration has resumed guaranteeing 90 percent of loans made through its flagship 7(a) program. The incentive was created to help SBA lending rebound after it cratered during the financial crisis of 2008. The 90 percent guarantee, up from the typical 75 percent, was first funded by the economic stimulus bill, which also… Continue Reading SBA resumes 90% guarantees on 7(a) loans

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U.S. Chamber turns on former allies

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During the worst of the economic crisis, the nation’s most powerful business lobby pleaded with Congress to prop up financial institutions and stimulate the economy with hundreds of billions of dollars in borrowed money. “Make no mistake: When the aftermath of congressional inaction becomes clear, Americans will not tolerate those who stood by and let… Continue Reading U.S. Chamber turns on former allies

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White House: Stimulus law working as promised

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President Barack Obama’s $800 billion-plus economic stimulus law may not be earning good grades with the public, but the White House claims it’s on track to produce the promised 3.5 million jobs. Friday’s report says about two-thirds of the stimulus money has been spent via tax cuts or government spending and remarkably little of the… Continue Reading White House: Stimulus law working as promised

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House Dems deeply divided over Obama tax cut plan

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Congressional Democrats are confronting deep divisions in their nervous ranks over whether to support President Barack Obama’s plan to raise taxes on the wealthiest Americans – or just punt the entire matter until after voters go to the polls Nov. 2. Democratic leaders committed to Obama’s proposal were to hear Wednesday from endangered lawmakers who… Continue Reading House Dems deeply divided over Obama tax cut plan

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State pays out $11 million in energy rebates

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El Paso County had the second highest pay-outs for state rebates for energy-efficient appliances and home improvements. The program, “Recharge Colorado,” began April 19. County residents received $117,000 in rebates, after Colorado Springs Utilities combines its own rebates with the state money. Statewide, more than 26,000 homeowners and businesses received the rebates, for a total… Continue Reading State pays out $11 million in energy rebates

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National cemeteries in Denver and Las Animas are getting federal stimulus funds to pay for improvements and equipment. The Veterans Affairs Department said Wednesday that Fort Logan National Cemetery in Denver will get about $182,000 to contend with erosion and nearly $162,000 for vehicles and equipment for maintenance and burials. Fort Lyon National Cemetery in… Continue Reading Colo. veterans cemeteries get more than $393,000

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Small Business Administration recovery lending has been extended through April. Signed by President Barack Obama on Friday, the legislation will enhance the SBA’s  two largest small business loan programs. First made available under the American Recovery and Reinvestment Act, the enhancements include fee relief and a higher guarantee on some SBA-backed loans. The $40 million extension will… Continue Reading SBA recovery lending extended through April

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