The issue at stake is the ongoing budget battle, which Democrats dropped on the GOP in anticipation of the massive turnover of seats to the right in the November 2010 mid-term elections. Rather than passing a budget of their own, which would have made their outrageous spending spree a front-page campaign topic on the eve of the election, they punted, and thereby left the nation’s treasury in ruins, while forcing the Republicans to pick up the pieces.
Secretary of the Interior Ken Salazar announced Tuesday that the Bureau of Land Management will hold four competitive lease sales in coming months, offering Powder River Basin tracts in Wyoming that contain an estimated 758 million tons of low sulfur coal. Salazar says the total bonus bids and royalty payments over the life of the leases are estimated to generate between $13.4-21.3 billion, 48% of which will go to the state of Wyoming.
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