The White House has ordered a review of the Energy Department’s loan after Solyndra, a California-based solar company that went bankrupt after receiving a $528 million federal loan. Republicans have been investigating the power company and warned about their problems but still supported it. In wake of the bankruptcy White House records could be subpoenaed as early as next week. Read more after the jump.

@Julie1205

The White House has ordered a review of the Energy Department’s loan guarantee program in the wake of a growing scandal over Solyndra, a California-based solar company that went bankrupt after receiving a $528 million federal loan.

Congressional Republicans have been investigating the bankruptcy of Solyndra Inc. amid revelations that federal officials were warned it had problems but nonetheless continued to support it. The House Energy and Commerce Committee could vote as early next week to subpoena White House records related to the loan.

White House chief of staff Bill Daley says the new independent review will assess the condition of other loan guarantees made by the Energy Department. There are more than two dozen of these to a variety of clean energy companies.

Daley said he’s tapping a former Treasury official to conduct the review.

Meanwhile, Reps. Fred Upton, chairman of the House Energy and Commerce Committee, and Cliff Stearns, chairman of the Subcommittee on Oversight and Investigations, announced Friday that the panel would vote Thursday to consider a resolution authorizing the issuance of a subpoena for internal White House communications related to the Solyndra loan.

“Subpoenaing the White House is a serious step that, unfortunately, appears necessary in light of the Obama administration’s stonewall on Solyndra,” they said in a statement, accusing the administration of not cooperating since the committee launched an investigation more than eight months ago.

“What is the White House trying to hide from the American public? It is alarming for the Obama White House to cast aside its vows of transparency and block Congress from learning more about the roles that those in the White House and other members of the administration played in the Solyndra mess,” they said.

“American taxpayers who are now saddled with a half billion dollar I.O.U. to Uncle Sam deserve to know the truth behind Solyndra,” they added. “We remain committed to uncovering the facts in an even-handed way, and maintain some hope that the White House will change course and begin to cooperate.”
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