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  • Government Offers $10 Million Prize to Make Solar More "Cost-Competitive"

    U.S. Energy Secretary Steven Chu announced a new $10 million Department of Energy competition last week to reduce the price of installing solar panels. The goal is to make the technology more “cost-competitive” by the end of the decade. The prize is part of the SunShot Initiative, a program runs … More

    Chart of the Week: Sequestration Reduces Defense as Budget Priority

    The Obama Administration released its sequestration report more than a week late, but other than a 9.4 percent reduction in discretionary national defense funding, there are few other details, according to The Heritage Foundation’s Brian Slattery. He describes President Obama’s own budget request as one that would “dramatically shrink” the … More

    Energy Department Touts Solar Power That Generates 0.14% of Electricity

    The U.S. Department of Energy this week touted the growth of solar power, complete with an impressive chart that boasts, “Solar Generation Has a Bright Future.” Yet a closer look at solar’s overall role reveals that it represented just 0.14 percent of the total electric power generated and consumed in June. The … More

    WATCH LIVE: House Conservatives Answer Your Questions

    House conservatives will gather this morning to take your questions about taxes, the Farm Bill, an expected continuing resolution and a range of other issues facing Congress this fall, including the lame duck agenda. It’s your opportunity to be heard on Capitol Hill. Discussion will not be limited to these … More

    FACT CHECK: Salazar Exaggerates Obama's Record on Energy Production

    Interior Secretary Ken Salazar touted President Obama’s record on reducing oil dependence in a speech delivered in Charlotte, NC, this week. Salazar pointed to a decrease in oil imports and an increase in oil production — especially on federal lands — as evidence of the efficacy of Obama’s policies. But, contrary to … More

    GM Shuts Down Chevy Volt Production

    General Motors is halting production of the poorly selling Chevy Volt to accommodate a redesigned Chevy Impala. The impending four-week shutdown of the electric car represents yet another setback following news of disappointing sales for the second year in a row: General Motors Co. (GM), the largest U.S. automaker, is … More

    Chart of the Week: Medicare Spending Is Main Cause of Runaway Deficits

    Medicare is getting quite a bit of attention lately. And rightly so. Out-of-control entitlement spending contributes directly to long-term federal deficits, which will accelerate over the course of the next few decades, according to Heritage’s Federal Budget in Pictures and figures provided by the Congressional Budget Office. By 2030, Medicare … More

    Chart of the Week: Tax Revenues Devoured by Entitlements

    The looming unsustainability of the big three entitlement spending programs—Medicare, Medicaid, and Social Security—is not inevitable, but in order to avoid the catastrophic effects of consuming every bit of tax revenue in just one generation, reform is a necessity. Take a look at Medicare, the largest portion of the projected … More

    XpressWest High-Speed Rail Project: Speeding Toward a Taxpayer Bailout

    Outdated forecast data containing rosy economic assumptions and signaling potential cost overruns plagues the planned $6.9 billion XpressWest high-speed rail project connecting Victorville, CA, to Las Vegas, NV, according to a new Reason Foundation report. If it fails, the seriously flawed plan could put taxpayers on the hook for billions. … More

    Ex-Im Bank Makes $2 Billion Loan for South Africa Green-Energy Projects

    The U.S. Export-Import Bank inked a $2 billion clean-energy loan offer with South Africa to help fund the country’s green-energy push and drum up sales for America’s renewable industry, according to an announcement made last week. The 18-year loans will target wind, solar and thermal power in particular, said Fred … More