nuclear-news

USA Democrats seek big cut in nuclear loan guarantees

House Panel Scales Back Obama Plan for Nuclear Loan Guarantees,  Bloomberg,  By Simon Lomax – Dec 9, 2010 President Barack Obama’s proposed $36 billion expansion of loan guarantees for new nuclear reactors would be scaled back to $7 billion, according to legislation from House Democrats to fund the U.S. government into next year.The loan-guarantee expansion is part of a $1.1 trillion measure that is scheduled for a vote today in the U.S. House.In his February budget proposal, Obama urged Congress to expand the Energy Department’s loan-guarantee program to $54.5 billion from the existing $18.5 billion……………House Panel Scales Back Obama Plan for Nuclear Loan Guarantees – Bloomberg

December 9, 2010 - Posted by Christina Macpherson | politics, USA