President Obama announced Tuesday that his administration has agreed to provide an $8.3 billion loan guarantee for an Atlanta-based utility and its partners to build two new nuclear reactors at its Vogtle generating station near Augusta, Ga.

The announcement comes at a time when the administration is seeking to reduce America's dependence on fossil fuels – a critical step in combating global warming – and in an economic climate hungering for job creation.

Source: Christian Science Monitor

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