Reported about 17 hours ago
The potential shutdown of the US government threatens billions in federal loans to companies like Rivian Automotive Inc. and Plug Power Inc. The Biden administration is racing to finalize over $41 billion in conditional financing before Donald Trump's inauguration, as a delay could jeopardize these deals. While the Energy Department claims it will continue operations amid a shutdown, there are concerns that critical loan agreements may stall, especially if Trump's administration opts to eliminate or overhaul the Loan Programs Office.
Source: YAHOO