Notwithstanding any other provision of law, insured and guaranteed loan authority authorized in this subchapter for any fiscal year beginning after September 30 , 1984 shall not be transferred or used for any purpose not specified in this subchapter.
Former Energy Secretary Ernest Moniz called this budget proposal into question, challenging the Department of Energy to spend the $40 billion in loan authority on clean energy infrastructure.
Mr. McCain said he had found one provision that would help the halibut fishing industry in Alaska with loan authority, and spoke sarcastically of "an emergency for halibuts".
"In cases where some airlines don't pass muster, or can't perform well enough, or simply because it makes good sense, the loan authority board should promote -- and perhaps encourage -- combinations of carriers," said Leo F. Mullin, chairman and chief executive of Delta Air Lines, in a speech last week at the Wings Club in New York.
The Senate voted 55-44 in June against a proposal by DeMint to repeal IMF loan authority.
White House officials said Monday that the additional loan authority would be key to Kiev's ability to stabilize its economy.
The U.S. is the last IMF member country to approve the changes, and White House officials said Monday that the additional loan authority would be key to Kiev's ability to stabilize its economy.
2 Meanwhile, looking for budget-slashing opportunities, President Obama recently cut 2012 funding for the Diesel Emissions Reduction Program, which gives EPA grant and loan authority to fund the retrofitting or replacement of existing diesel vehicles.
Personal information on 3.3 million people, many from the Washington region, has been stolen from a firm that guarantees student loans, authorities said.
As JPMorgan plowed through a glut of overdue credit card bills and other loans, authorities suspect, the bank deluged state courts with lawsuits that used faulty documentation to substantiate the amount owed by consumers.
