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Taxpayers must pay the freight for over-budget train projects
Topic - Frank Rusco
The Energy Department expects to spend only a portion of its remaining advanced energy loan guarantee authority and funds, in part because of negative publicity caused by the high-profile failures of some recipients, the Government Accountability Office reports.
"Most applicants and manufacturers we spoke with told us that, currently, the costs of participating in the program outweigh the benefits, citing challenges such as restrictive loan and reporting requirements and negative publicity surrounding DOE programs," he said.