Penn Hill Group’s Washington Wrap-Up: November 13

Here’s a quick look at the news from last week (November 5 -10) in Washington.

The U.S. Department of Education announced results for the third round of the Investing in Innovation (i3) competition. The 20 highest-rated applications are potential grantees who will be awarded a share of the $140 million available for this round. Eight of the 20 highest-rated applications are in “Validation” category, and 12 are “Development” category. There were no potential grantees in the “Scale-up” category. These potential grantees now have until December 7, 2012 to secure the required matching funds.  The Department will then announce the grantees late in the calendar year.

President Obama won the Presidential election with 332 electoral votes to beat Governor Mitt Romney with 206 electoral votes.  Republicans maintained control of the House, and Democrats retained control of the Senate.

House Republicans have requested that the Government Accountability Office (GAO) investigate the Direct Loan Program and the Administration’s management of that program, due to complaints they have received about the program.