Obama’s budget also proposes a tripling of federal loan guarantees to help private companies build new nuclear power plants. The administration is asking Congress to approve $54 billion in loan guarantees up from about $18 billion. Last week President Obama promoted nuclear energy in his State of the Union address.

President Obama: “But to create more of these clean energy jobs, we need more production, more efficiency, more incentives. And that means building a new generation of safe, clean nuclear power plants in this country.”