Topic: David Ratcliffe
Fiscal watchdogs are skeptical of Obama's move to give US loan guarantees for the construction of nuclear power plants, citing risk of default. Wall Street, too, has been reluctant to invest. Might that change now?
In announcing $8.3 billion in loan guarantees for the first new nuclear reactors in the US in 30 years, Obama is setting the stage for a nuclear power comeback. But many challenges lie ahead.