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DOE Secretary Chu announces changes to expedite economic recovery funding

26 Feb 2009

Two days after President Obama signed the historic American Recovery and Reinvestment Act into law, Energy Secretary Steven Chu announced a sweeping reorganisation of the Department of Energy's dispersal of direct loans, loan guarantees and funding contained in the new recovery legislation. The goal of the restructuring is to expedite disbursement of money to begin investments in a new energy economy that will put Americans back to work and create millions of new jobs.

 

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