Two Republican senators questioned the Energy Department’s decision to offer A123 stimulus funding.
U.S. Sens. John Thune, R-S.D., and Chuck Grassley, R-Iowa questioned whether the
Energy Department should offer the struggling battery producer a $120 million stimulus funding, taking into consideration that it might be acquired by a Chinese company.
“Billions of U.S. taxpayer dollars have flowed to foreign companies through the Recovery Act, and we are concerned that the recent announcement could lead to even more taxpayer dollars going overseas,” they wrote.
Read Article