Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

House Panel Scales Back Obama Plan for Nuclear Loan Guarantees

Dec. 8 (Bloomberg) -- 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.

To contact the reporter on this story: Simon Lomax in Washington at slomax@bloomberg.net

To contact the editor responsible for this story: Larry Liebert at LLiebert@bloomberg.net.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.