And they also covered Solyndra on The NewsHour (PBS) last night. Excerpt:
JEFFREY BROWN: Solyndra had been touted as an example of the country's green technology future.
Secretary Chu was on hand in September of 2009 as Vice President Joe Biden appeared before company employees via video link, announcing a loan guarantee for Solyndra under the new federal stimulus law. Nine months later, in May of 2010, President Obama toured the company in Fremont, Calif.
In all, Solyndra received more than $500 million in federal aid. But less than two years later, in August of this year, Solyndra filed for bankruptcy.
Today, Secretary Chu blamed the company's failure on the economics of a global market.
STEVEN CHU: It is extremely unfortunate, what has happened with Solyndra. But when the bottom of a market falls out and the prices of solar decreases by 70 percent in two-and-a-half years, that was totally unexpected.
And so, fundamentally, this company and several others got caught in a very, very bad tsunami if you will.So what do I think about the hearing? I think the administration is hoping that Mr. Chu can be their designated fall guy if one is needed. And I think the deal itself was rotten from the start.
This is C.I.'s "Iraq snapshot" for today: