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Wednesday, April 7, 2010 as of 11:14 AM ET

Congressional Republicans

WSJ UPDATE: Southern Co. Near Approvals For 2 Reactors

Federal regulators are expected to give Southern Co.

(SO) the green light on Thursday to build two nuclear reactors in central Georgia, the first approval of a new U.S. nuclear project in over three decades.The approval is expected to kick off a construction cycle that could lead to at least four new reactors going up over the next several years. U.S. nuclear construction has been stalled by safety concerns and cost overruns that followed the Three Mile Island nuclear accident in Pennsylvania in 1979.Atlanta-based Southern says that is changing. "Somebody had to be first, and we are absolutely the right company to go first and lead the renaissance," said Tom Fanning, chief executive of the company, which expects the Nuclear Regulatory Commission to grant it combined construction and operating licenses for two reactors at its meeting Thursday.The NRC approval is "a big deal," said Dimitri Nikas, utilities analyst for Standard & Poor's Ratings Services. "It shows companies can build thes...

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  1. IMF Aims to Raise $600 Billion in New Resources

    The International Monetary Fund is estimating it needs to raise up to $600 billion in new resources to lend to countries struggling with the fallout from the growing...

  2. Keystone XL: Securing U.S. Energy Future?

    Jack Gerard, API CEO & president, on why he is pushing for the Keystone XL Pipeline project to be passed, and the benefits of this project for the entire nation.

  3. Can The Oracle of Omaha Reduce the Debt?

    Reason Magazine’s Matt Welch sounds off on Warren Buffett’s call for donations from Republican members of Congress.

  4. Buffett Challenges GOP

    FBN's Liz MacDonald breaks down Berkshire Hathaway's CEO Warren Buffett's proposal to the GOP.

  5. Markets Follow Jobs and Retail Numbers Lower

    FBN’s Stuart Varney breaks down the stories moving the markets early in the trading day.

  6. Is America Ready for a Capitalistic President?

    Keith Fitz-Gerald of Money Map Press on the recent attacks against Mitt Romney.

  7. Weekly Jobless Claims Rise to 399,000

    FBN’s Diane Macedo breaks down the stories moving the markets.

  8. BOE Holds Interest Rate at 0.5%

    FBN’s Diane Macedo breaks down the stories moving the markets around the world.

  9. Obama, Harper Stress Close Ties Despite Keystone

    President Barack Obama and Canadian Prime Minister Steven Harper on Wednesday stressed that bilateral ties remained strong despite the U.S. decision to delay approvi...

  10. Obama Urges Republicans to Extend Payroll Tax Cut

    President Barack Obama on Monday urged congressional Republicans to pass an extension of the payroll tax cut, saying it will "spur spending, it will spur hiring and ...

  11. Obama to Unveil New Job Help for Veterans

    President Barack Obama will announce three more executive actions Monday to help veterans find work as he pushes Congress to pass tax credits for veterans to spur hi...

  12. EXCLUSIVE-Gang forms inside US debt panel in quest for deal

    * Revenues and spending cuts being discussed (Adds Boehner comments, background)WASHINGTON (Reuters) - Six members of a U.S. congressional debt reduction "super comm...

  1. No More Red Ink!

    Worldnetdaily.com Editor Joseph Farah explains how he’s trying to pressure Republicans to hold to their promises on raising the debt ceiling in the coming political battle of 2012.

  2. Sen. Shelby Criticizes Consumer Bureau For 'Costly' Rules

    The top Republican on the Senate Banking Committee on Tuesday pressed the Consumer Financial Protection Bureau to gather more industry input before writing new finan...

  3. Obama In State Of Union: Build Economy To Last

    President Barack Obama will use his State of the Union address Tuesday to describe specific plans to move toward an economy that is "built to last." In a few excerpt...

  4. Alberta Premier Redford: Disappointed With Keystone XL Decision

    The premier of Canada's oil-rich province of Alberta said Wednesday she's disappointed in the U.S. government's decision to reject a permit for the Keystone XL oil p...

  5. State Dept. Blocks Keystone Pipeline Project

    The Obama Administration rejected the controversial Keystone XL pipeline project on Wednesday, scuttling a key energy initiative that would have created an influx of...

  6. Obama Decides to Reject Keystone Pipeline Permit

    FBN’s Peter Barnes on Obama’s announcement agreeing with the State Department’s recommendation to deny the permit for TransCanada’s Keystone Pipeline.

  7. Obama Says Keystone Decision Due To Deadline

    A written statement from President Barack Obama on Wednesday attributed the decision to reject the Keystone XL pipeline to a 60-day deadline that was imposed on him ...

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