Obama seeks to boost nuclear power in new budget
President Barack Obama's budget proposal will call for tripling government loan guarantees for new nuclear reactors, an administration official said on Friday, a move sure to win over some Republican lawmakers who want more nuclear power to be part of climate change legislation.
The $54 billion in loan guarantees, which follows Obama's pledge in his State of the Union address to expand nuclear power production, will be announced as part of Obama's proposed 2011 budget that will be sent to Congress on Monday.
Obama on Wednesday called on Congress to pass an energy and climate change bill … Read more