Obama approves first new US nuclear power plants in decades

President Barack Obama is making about $8bn (€5.8bn) in federal loan guarantees available for the first new US nuclear power plant in nearly three decades, underscoring the administration's efforts to reduce dependence on foreign oil.

Discussing a plant envisioned for Burke County, Georgia, President Obama told a union audience today that the initiative will create thousands of construction jobs and 800 permanent jobs.