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Obama seeking more nuclear energy loan guarantees

Obama to ask Congress for $9B more in nuclear loan guarantees, plus $9B for renewable energy

ap
Erica Werner, Associated Press Writer, On Thursday May 20, 2010, 12:03 pm

WASHINGTON (AP) -- A Democratic aide says President Barack Obama is poised to ask Congress to agree to $9 billion more in loan guarantees for the nuclear energy industry -- on top of $18 billion announced earlier this year. The president is pushing for a new round of construction of nuclear plants.

At the insistence of Democratic House Speaker Nancy Pelosi of California, the request for more spending on nuclear energy would be coupled with $9 billion in loan guarantees for renewable energy such as wind and solar. The aide spoke on condition of anonymity before a formal announcement from the White House.

The money would be tacked onto a spending bill for Haiti, Afghanistan and domestic priorities that Congress is expected to tackle after Memorial Day.

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