Energy Secretary Chu Said to Plan Exit From Obama’s Cabinet

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U.S. Energy Secretary Steven Chu, who drew criticism from Republicans over his support for loans to Solyndra LLC before the solar-panel maker went bankrupt, will leave his Cabinet post in President Barack Obama’s second term, according to two people familiar with the matter.

Chu’s departure will be announced as soon as next week, according to one of the people. Both requested anonymity to discuss personnel matters that haven’t been announced. The people didn’t identify potential replacements.