Obama's Budget Nixes New Money For Program That Funded Solyndra

From the Huffington Post:

In a quiet shift from the past two years, President Barack Obama's 2013 budget includes no new money for the Department of Energy loan guarantee program, the same program that House Republicans have scrutinized for losing more than $500 million in taxpayer dollars to the now-defunct solar power company, Solyndra.

Obama has regularly included huge increases to the program's loan guarantee authority in his budget, though Congress has not approved his proposals. He provided a $36 billion increase for nuclear reactors in his 2011 budget, and again in his 2012 budget. He also included $200 million in credit subsidies for renewable and energy efficiency projects in his 2012 budget. This year, he provided nothing.

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