Economy, Energy, Natural Resources: Policy to People

Budget Briefing: Chesapeake Energy Shares Hit New Low After Report on CEO’s Personal Loans

In the news this morning:

Chesapeake Energy Shares Fall to 52-Week Low in Reaction to Report “Shares of Chesapeake Energy Corp. fell to a new 52-week low Wednesday before recovering at the end of the trading day following a report about $1.1 billion in personal loans taken by founder and CEO Aubrey McClendon.” (newsok.com)

TPS Parents Rallying to Restore Funding “A grass-roots effort by Tulsa parents to get public school funding restored to pre-recession levels will culminate in an April 26 rally. Oklahoma Kids First is challenging every school site in Tulsa to enlist at least 100 parents, students and teachers to attend the rally.” (tulsaworld.com)

Oklahoma Tornado: Gov. Mary Fallin Seeks Federal Disaster Declaration The state’s first step towards low-interest loans and grants: “Governor Mary Fallin requested a federal disaster declaration Wednesday for Woodward County for damage caused in a tornado that killed at least six people and damaged or destroyed dozens of homes and businesses early Sunday.” (newsok.com)

Oklahoma U.S. Rep. Frank Lucas Defends Proposed Cuts to Food Stamp Program “The House Agriculture Committee voted Wednesday to cut $33 billion from the food stamp program over the next decade, but a leading Democrat on the panel said the move wasn’t serious because the Senate would never consider it. Rep. Frank Lucas, R-Cheyenne, committee chairman, said the cuts were aimed at closing loopholes and cutting waste in the Supplemental Nutrition Assistance Program, whose costs have risen dramatically in recent years.” (newsok.com)

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