Biden Administration Agrees to Record $15 Billion Loan to PG&E

The Energy Department loan would finance the California utility’s efforts to upgrade the power grid and reduce emissions.

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PG&E Secures $15 Billion Loan From U.S. Energy Department

The loan, the biggest-ever commitment from the Loan Programs Office, is intended to fund the California utility’s grid and climate resiliency projects.
The New York Times - 10h
Biden administration offers California's PG&E up to $15B loan to boost climate resilience

The Biden administration on Tuesday announced its conditional approval of a loan guarantee for Pacific Gas & Electric Co. (PG&E) of up to $15 billion, which would serve to decarbonize the massive ...
The Hill - 12h
Blinken defends Biden administration's Afghanistan withdrawal

Secretary of State Antony Blinken testified in a House hearing on the chaotic and deadly 2021 Afghanistan withdrawal. Lawmakers on Capitol Hill are still searching for answers. CBS News political ...
CBS News - 6d
Biden administration split over US Steel deal

Pentagon, Treasury and state department all conclude $15bn Nippon Steel acquisition poses no national security risk
Financial Times - 6d
U.S. Transfers $20 Billion Loan to Ukraine Backed by Russian Assets

The economic lifeline ensures that Ukraine will have economic support after President-elect Donald J. Trump takes office.
The New York Times - Dec. 10
Juan Soto agrees to record $765 million, 15-year contract with Mets, AP source says

A person familiar with the deal tells The Associated Press that star outfielder Juan Soto and the New York Mets have agreed to a record $765 million, 15-year contract
ABC News - Dec. 9
Biden administration announces almost $1 billion in additional weapons support for Ukraine

The Biden administration announced on Saturday nearly $1 million in arms support for Ukraine, the Department of Defense said in a press release. The $988 million assistance package will provide the ...
The Hill - Dec. 7
Biden administration under pressure to forgive more student loan debt before Trump takes office

With just a little more than a month and a half left in office, President Joe Biden is under pressure to forgive more student loan debt.
CNBC - Dec. 5
Trump agrees to DOJ background checks on administration nominees, appointments

President-elect Donald Trump sparked controversy by tapping Pete Hegseth, Kash Patel, Robert F. Kennedy Jr. and Tulsi Gabbard for top administration jobs.
CNBC - Dec. 3