Energy Secretary Chu warns US Tech Lead at Risk

Secretary of Energy Steven Chu believes the US is at risk of losing its leadership in technology as the nation's competitiveness deteriorates. Sec Chu, co-winner of the Nobel Prize in physics in 1997, used statistics and blunt language in a speech at the National Press Club to point out that the U.S. lead in technology is declining and is in need of turnaround. He characterized the current situation as a " Sputnik moment " for the U.S., particularly in the area of clean energy development.