Beltway Confidential

Biden hands record $9.2 billion loan to Ford joint venture

By Timothy P. Carney

Published June 23, 2023 12:43pm ET

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Biden hands record $9.2 billion loan to Ford joint venture — The Biden administration is making a massive, unprecedented corporate welfare loan to a private company making car batteries, the Energy Department announced on Thursday. “The U.S. Department of Energy’s Loan Programs Office today announced a conditional commitment for a loan of up to $9.2 billion to BlueOval for the construction of three manufacturing plants to produce […]

The Biden administration is making a massive, unprecedented corporate welfare loan to a private company making car batteries, the Energy Department announced on Thursday.

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