Jim McElhatton
Articles by Jim McElhatton
Bankrupt wireless firm got loan push from taxpayer ‘superhero’
Hailed as a "superhero" by taxpayer watchdogs, Republican Sen. Mike Crapo quietly petitioned the George W. Bush administration to award a massive loan guarantee to a wireless company that just went bankrupt, owing U.S. taxpayers more than $70 million. Published November 16, 2011
Postal Service reports $5.1B loss
The U.S. Postal Service on Tuesday reported a $5.1 billion annual loss, but the figure would have been more than twice as high if Congress had not postponed a $5.5 billion bill to fund retiree health benefits. Published November 15, 2011
Solyndra put off word of layoffs until after election
The Department of Energy pushed "very hard" for failed solar panel maker Solyndra LLC to delay announcing layoffs until after the Nov. 2, 2010, midterm elections, contradicting claims that politics played no role in the administration's handling of the now-bankrupt company. Published November 15, 2011
Bankrupt firm seeks OK to hire lobbyists despite debt
On the same week a congressional panel launched a probe into bankrupt wireless provider Open Range Communications — which has laid off most of its workforce and owes taxpayers more than $70 million — the company decided it needs more Washington lobbyists. Published November 13, 2011
Biden to continue collecting rent from Secret Service
Vice President Joseph R. Biden Jr., the landlord, can count on at least 12 more months of rental income from the agency that protects his life. Published November 10, 2011
Emails: White House, Biden’s office ‘orgasmic’ over Solyndra deal
New developments in the congressional probe into failed solar panel maker Solyndra LLC shed light on what Republicans are calling the close relationship between the White House and an Oklahoma billionaire donor whose foundation was deeply invested in the company. Published November 9, 2011
Executive’s future with EPA uncertain
As chairman of the Environmental Protection Agency's financial advisory board, Bradley Abelow is charged with giving advice on investment and job creation to EPA Administrator Lisa Jackson. Published November 8, 2011
Once-rising star in Maryland GOP sentenced to 15 years for fraud
A single business transaction in 2005 has turned Alma Preciado — the onetime promising political figure and businesswoman — into a convicted felon, a fugitive from justice and a prisoner of the state of Maryland. Published November 6, 2011
USPS far from dead letter, its chief says
Despite the U.S. Postal Service's string of multibillion-dollar deficits and plans to shed more than 100,000 jobs, people are still lining up for a chance to work at the nation's mail service. Published November 3, 2011
Metro property found in home of employee
Nine laptop computers, a power generator, a DVD player, a BlackBerry wireless device, a color printer, a digital camera, lots of tools and a computer monitor used for watching movies were among dozens of items of Metro property found inside the home of a longtime transit worker. Published November 2, 2011
Postal Service rescue plan finds way to pay for buyouts
A bipartisan group of senators introduced a plan Wednesday to rescue the U.S. Postal Service from what they called a "financial death spiral." Published November 2, 2011
Lawmaker says Obama should return book profits
A Republican congressman is calling on President Obama to return royalties he received from the State Department's purchase of at least $70,000 in books authored by Mr. Obama since he took office. Published November 1, 2011
Bankrupt firm, owing U.S., retains lobbyist
Less than three years after closing on a big federal loan deal, Open Range Communications has laid off most of its employees, stopped accepting new customers and filed for bankruptcy - owing the federal government more than $70 million. Published November 1, 2011
Solyndra inquirers call for testimony of lawyers
If there is one fact that government witnesses testifying before Congress on the failed half-billion-dollar loans to bankrupt Solyndra LLC have made clear, it is that they have not passed the bar exam. Published October 27, 2011
Democrats seek expansion of probe on bankrupt firm
House Democrats are calling for the expansion of a congressional investigation into bankrupt solar-panel maker Solyndra LLC, targeting a wireless business that recently went broke and was awarded more than $250 million in loan guarantees in the waning months of the Bush administration. Published October 26, 2011
State Department defends buying Obama’s books
The State Department on Wednesday defended spending tens of thousands of taxpayer dollars on books authored by President Obama, while White House spokesman Jay Carney called the book-buying an "embassy-based decision." Published October 26, 2011
State Dept. spends $70K on Obama books
The U.S. Department of State has bought more than $70,000 worth of books authored by President Obama, sending out copies as Christmas gratuities and stocking "key libraries" around the world with "Dreams From My Father" more than a decade after its release. Published October 25, 2011
Obama pick owed millions from Disney, Boeing board posts
President Obama's pick for commerce secretary, John E. Bryson, has earned millions of dollars in stock and compensation through his position as a director at the Walt Disney Co., a company that directly lobbies the department that Mr. Bryson now is poised to take over. Published October 20, 2011
Solyndra beats back federal takeover, but not Justice concerns
Solar-panel maker Solyndra LLC defeated a proposed government takeover bid, but the attempt underscored the depth of concerns in recent weeks at the Justice Department about the roles played by the bankrupt company's top financial officer and its board of directors. Published October 19, 2011
Judge denies government bid for Solyndra trustee
Customer contracts figure prominently in the FBI's criminal investigation of solar panel maker Solyndra LLC, which went bankrupt despite receipt of more than a half-billion dollars in federal loans, according to testimony on Monday. Published October 17, 2011