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Politics : Formerly About Advanced Micro Devices

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To: combjelly who wrote (567261)	5/21/2010 10:59:37 AM
From: tejek	Read Replies (1) of 1576920

The WH is striking while the iron is hot! New Loan Guarantees for Nuclear and Renewable Energy 5/21/2010 10:45 AM EDT The White House is expected to soon announce a multibillion-dollar package of new loan guarantees for nuclear and renewable energy projects to be supported by adding $180 million to a pending war funding bill. The proposal follows talks Wednesday between Energy Secy. Steven Chu, White House officials and Speaker Nancy Pelosi (D-Cal.), who used her leverage to ensure solar would share in the funding together with the nuclear industry. The administration has already proposed a greatly expanded loan guarantee program for nuclear as part of its 2011 budget. But Chu would like to advance a quarter of the planned increase into 2010 to make $9 billion more immediately available.

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