1. Energy

    Obama-Backed Solar Company Fails

    FREMONT, CA - MAY 26:  Ben Bierman (R) and Chris Gronet (L) lead U.S. President Barack Obama on a tour of the Solyndra solar panel company May 26, 2010 in Fremont, California. President Obama toured Solyndra Inc., a growing solar power equipment facility that is adding jobs as they expand their operation.  (Photo by Paul Chinn-Pool/Getty Images) *** Local Caption *** Barack Obama;Chris Gronet;Ben Bierman

    Paul Chinn, Pool / Getty Images

    President Obama has some egg on his face: Solyndra, a California solar-panel manufacturer that the president had previously praised as an energy leader, filed for bankruptcy Wednesday. The company, which the White House had given loan guarantees, blamed “regulatory and policy uncertainties” for a difficult business climate. The bankruptcy filing leaves 1,100 people out of work and taxpayers on the hook for the company’s $535 million in federal loans. Republicans, who were already investigating the White House’s loan guarantee, have vowed to press forward with their investigation.

    Read it at The Washington Post