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Taxpayers must pay the freight for over-budget train projects
Topic - Tyson Slocum
While the financial markets are closely eyeing the shutdown of the government, Wall Street itself is barely being monitored by one of its federal watchdogs, who says it's had to furlough most of its staff.
Five months after President Obama's made-for-media convention in Charlotte, N.C., the host committee for the three-day Democratic bash still has not paid off an unprecedented $10 million loan secured by Duke Energy, and there is no way of knowing whether it will ever be paid back.
The embattled chairman of the Nuclear Regulatory Commission said Monday he'll resign as soon as a successor can be found, succumbing to pressure from fellow commissioners who accused him of tyrannical behavior, and setting up what's expected to be a bruising battle over a replacement.
"It's an agency people don't recognize, but they're overseeing the agricultural, energy and metals commodities, which have a huge impact on the prices of things we buy every day," said Tyson Slocum, energy program director for the watchdog group Public Citizen. "Having the market monitored is crucial to ensure the prices are based on supply and demand and not market shenanigans."
"This is just a blank check for the party, and it undermines the whole [Obama] message of cracking down on special interests' influence in Washington," said Tyson Slocum, an energy specialist for Public Citizen. "It's clear the administration is hypocritical."