U.S. Nuclear Centrifuge Expected to Move Forward

USA Today reported a nuclear centrifuge project in Ohio is expected to move forward despite recent setbacks.

As quoted in the market news:

Congress’ failure to act on a long-term transportation bill means that a $106 million research and development grant for the American Centrifuge Project remains in limbo. That provision was included in the Senate version, but it faces some resistance in the House, which has stricter rules on “earmarks.”

The grant is a stopgap measure while the company seeks $2 billion in Department of Energy loan guarantees to expand the project, which it says will support 2,000 jobs in Ohio and a half-dozen other states.

Click here to read the full USA Today report.