Between Trump election and inauguration, Biden DOE handed out $93 Billion in grants / loans | Eastern NC Now

US Energy Secretary Chris Wright told a Senate committee hearing, on questioning from Louisiana Senator John Kennedy, that the lame duck Biden political appointees at his department had handed out over $93 Billion in loans and grants between President Trump's election in November and his inauguration in January.  That was a 76 day period.  Kennedy rehashed this issue to update information that first leaked out last year, when Kennedy also  grilled Wright on the subject.

This was twice as much money as the Department had put out in loans and grants for the prior fifteen years COMBINED.  Further, a large percentage of the loan and grant ap[plications for this money did not have a business plan or a financial statement attached. Many recipients were political cronies.

Secretary Wright said he was shocked at what he found.  His staff is now trying to get to the bottom of what happened to determine what can be done about it.

This is not the only Biden department where his lame duck political appointees did this. A similar spending spree happened at the EPA, where an outgoing Biden staffer boasted it was like "tossing gold bars off the Titanic".  The problem was the "gold bars" were taxpayer money.