President Obama eyes cutting TVA, federal government ties
WASHINGTON (Times Free Press) -- President Obama may want to rid the federal government of TVA.
The president's fiscal 2014 budget request, released today, includes a section called "Reform TVA." It describes in detail the Tennessee Valley Authority's "impact to the federal deficit."
"Reducing or eliminating the federal government's role in programs such as TVA, which have achieved their original objectives and no longer require federal participation, can help put the nation on a sustainable fiscal path," reads the passage.
Mentioning TVA's debt constraints, the administration appears poised to undertake a thorough review of the federally owned utility's finances.
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