U.S. Sen. Bob Corker thinks a possible sale of the Tennessee Valley Authority will not help solve the nation’s debt problems, but thinks the utility should be reviewed as called for in President Barack Obama’s 2014 budget.
Corker spoke to a crowd at East Tennessee State University on Thursday morning, fielding questions in a town hall-style meeting that began shortly after 10.
Speaking to the media afterward, Corker said it was unfortunate that because of the way the TVA has been operated over the years the utility is worth less than it’s debt, so that means selling the TVA to generate deficit reduction is going backward.
Read more at the Johnson City Press.