As new budget year looms, Senate approves $122 billion for transportation, housingSeptember 17th, 2009 Senate approves $122B for transportation, housingWASHINGTON — The Senate on Thursday approved generous increases for transportation and housing programs as it passed the fifth of 12 appropriations bills funding the government for the budget year that begins in just two weeks. The bill, passed 73-25, would permit $122 billion in new spending for programs such as road projects, housing subsidies for the poor, community development grants to local governments, and generous subsidies for rural air service.
US to loan over $30 billion for renewable energyJuly 30th, 2009 WASHINGTON - The US will loan up to $37.5 billion to fund renewable energy projects around the country, the Energy Department said Wednesday. The new loans are part of an effort to stimulate the US economy and reduce emissions of greenhouse gases blamed for global warming.
DOE makes available $35 billion in loan guarantees for renewable energy, grid improvementsJuly 29th, 2009 DOE makes available energy loan subsidiesWASHINGTON — The Energy Department is making available $36 billion in loan guarantees for renewable energy projects and for modernizing the electricity grid. The department said Wednesday it will accept applications for the financing support over the next 45 days.
Panel gives huge boost to high-speed rail projects; increases maximum Pell Grant by $200July 17th, 2009 Spending bill would help high-speed rail projectsWASHINGTON — President Barack Obama's high-speed rail initiative would get an enormous boost under a spending bill that a House committee approved Friday. Obama sought $1 billion for construction of a high-speed system and other intercity rail lines, which would come on top of $8 billion provided in the economic stimulus bill in February.
US House of Representatives approves 1.5 billion dollar aid for PakistanJuly 10th, 2009 WASHINGTON - The US House of Representatives has approved an aid bill authorizing the 1.519 billion dollars being given to Pakistan as assistance during the current fiscal year. Similarly, the Senate Appropriations Committee also approved its own version of the bill which would provide Pakistan 1.57 billion dollars in aid in 2010, The Nation reports.
German cabinet approves euro86.1 billion in fresh debt in 2010 budgetJune 24th, 2009 German cabinet approves 2010 budgetBERLIN — Germany's cabinet has approved a budget for 2010 that foresees taking on record debt to help safeguard the country against the global financial crisis, the finance minister said Wednesday. The new budget anticipates euro86.1 billion ($120.35 billion) in fresh debt, more than double the euro40 billion for the current year and the largest credit to be taken out by the German government since World War II.
Sops for renewable energy projects should continue: AbdullahJune 19th, 2009 CHENNAI - New and Renewable Energy Minister Farooq Abdullah Friday said his department would request the finance ministry to continue with existing incentive schemes for renewable power projects. We find there is a great worry among the corporate sector on what would happen to the existing incentives once the generation-based incentive scheme is launched," Abdullah said at the valedictory session of a seminar on green power, organised by Confederation of Indian Industry (CII).
Pakistan allocates Rs.646 bn for public sector in 2009-10June 13th, 2009 ISLAMABAD - Pakistan has allocated Rs.646 billion ($8 billion) for the public sector in its budget for fiscal 2009-10 beginning July 1 that envisages GDP growth of 3.3 percent for the year. Of this, Rs.421 billion will be spent on federal government projects and Rs.200 billion by the provinces through their annual development programmes, while an allocation of Rs.25 billion has been made for earthquake victims' rehabilitation.
Construction spending posts surprising 0.8 percent gain in April; spending on home building upJune 1st, 2009 Construction spending posts surprising gainWASHINGTON — Construction spending rose 0.8 percent in April, defying economists' forecasts for a decline. The unexpected gain — the most since August — marked the second straight month that builders boosted spending on construction projects around the country, the Commerce Department reported Monday.
House approves $6.4 billion to make schools cleaner and healthierMay 14th, 2009 House approves $6.4 billion for green schoolsWASHINGTON — The House on Thursday passed a multiyear school construction bill with the ambitious goals of producing hundreds of thousands of jobs, reducing energy consumption and creating healthier, cleaner environments for the nation's schoolchildren. Opponents, almost all Republicans, objected to the cost associated with the 21st Century Green High-Performing Public School Facilities Act.
US Congress approves Obama's 2010 budget outlineApril 30th, 2009 WASHINGTON - The US Congress Wednesday approved President Barack Obama's $3.56-billion budget prescriptions for 2010 along strictly party lines. The Senate voted 53-43 and the House of Representative 233-193 for the non-binding resolution, which sets out the framework for Congress to consider Obama's legislative priorities, including tax cuts for the middle class and an expansion of social spending in health care, energy and education.
US could get clean energy upgrade by early summerFebruary 21st, 2009 WASHINGTON - Renewable energy in the US could get a significant cash boost by early summer after President Barack Obama signed a massive $787-billion economic stimulus package this week, the administration said Thursday. Energy Secretary Steven Chu said his department was doing its best to speed up the evaluation of new projects and expected about 70 percent of the total energy funds to be used by the end of 2010.
US could get clean energy upgrade by early summerFebruary 19th, 2009 WASHINGTON - Renewable energy in the US could get a significant cash boost by early summer after President Barack Obama signed a massive $787-billion economic stimulus package this week, the administration said Thursday. Energy Secretary Steven Chu said his department was doing its best to speed up the evaluation of new projects and expected about 70 percent of the total energy funds to be used by the end of 2010.
US could get clean energy upgrade by early summerFebruary 19th, 2009 WASHINGTON - Renewable energy in the US could get a significant cash boost by early summer after President Barack Obama signed a massive $787-billion economic stimulus package this week, the administration said Thursday. Energy Secretary Steven Chu said his department was doing its best to speed up the evaluation of new projects and expected about 70 percent of the total energy funds to be used by the end of 2010.
US could get clean energy upgrade by early summerFebruary 19th, 2009 WASHINGTON - Renewable energy in the US could get a significant cash boost by early summer after President Barack Obama signed a massive $787-billion economic stimulus package this week, the administration said Thursday. Energy Secretary Steven Chu said his department was doing its best to speed up the evaluation of new projects and expected about 70 percent of the total energy funds to be used by the end of 2010.