Obama to propose over $54 billion in nuclear power loan guarantees

In the Senate, Sens. John KerryJohn KerrySenators who have felt McCain's wrath talk of their respect for him Dems see huge field emerging to take on Trump Budowsky: Dems need council of war MORE (D-Mass.), Lindsey GrahamLindsey GrahamWeek ahead: Senate defense bill faces delay Week ahead: Uncertainty surrounds ObamaCare repeal vote Trump's DOJ gears up for crackdown on marijuana MORE (R-S.C.) and Joe Lieberman (I-Conn.) are trying to negotiate a compromise climate and energy bill that they say would include new federal backing for reactor construction.

The nuclear industry has lobbied hard for Energy Department loan guarantees far in excess of the $18.5 billion DoE can currently offer. The department is expected to announce the first recipients soon as power companies seek to build the first new U.S. reactors in decades.