‘Significant Risk of Fraud’: Federal Watchdog Calls for Emergency Halt to Biden’s $400 Billion Energy Loan Fund
The Department of Energy’s inspector general on Tuesday issued an unprecedented call to suspend the Biden administration’s $400 billion energy loan program, warning that officials aren’t complying with conflict-of-interest rules and that the program carries a “significant risk of fraud.” The news comes as the Energy Department’s Loan Programs Office (LPO) has been rushing to