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?
Obama wants to triple public financing for new nuclear power plants, even as he nixes funds for storing commercial radioactive waste. The policy may be calculated to win votes for climate change legislation, but critics say it's not 'coherent' and carries new security risks.