Chu said he was not aware of a Congressional Budget Office study showing that the chances of default on these loans are "very high—well above 50 percent."
"I don't know of the CBO report," Chu told reporters during a conference call on Tuesday. "We don't believe the chance of default is 50 percent. We believe it's far less than that." The first loan guarantee, worth $8.33 billion, was awarded to two proposed reactors to be built by Southern ... Full Story »