Energy Secretary To Step Down

Energy Secretary Steven Chu is stepping down.

Steven Chu

WASHINGTON (February 1, 2013)---The Energy Department said Friday Energy Secretary Steven Chu has offered his resignation to President Barack Obama.

Chu won a Nobel Prize in physics, but came under questioning for his handling of a solar energy loan.

Chu, a former director of the Lawrence Berkeley National Lab, drew fire from Republicans who criticized his handling of a $528 million federal loan to solar panel maker Solyndra, which later went bankrupt, laying off its 1,100 workers.

The White House said Chu had Mr. Obama's confidence, but Chu was widely expected to leave following Mr. Obama's re-election last fall.

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