US debt downgrade drives up borrowing costs

Borrowing costs for long-term US government debt jumped past 5% for the first time in 18 months, before retreating.

source https://oto.oto-login.com/

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‘Mr.Sagebrush Rebellion’ heirs to shell out millions for Ogden Swift Building Superfund cleanup

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The heirs of a wealthy man who notoriously opposed the federal government will now have to pay the Environmental Protection Agency millions for the cleanup of a dilapidated building where he hoarded a mind-boggling amount of hazardous materials . For decades, Bert Smith stored thousands of containers of flammable, corrosive and explosive chemicals at an industrial complex on the banks of the Weber River known as the Swift Building. He died in 2016 . Ogden City then bought the property in 2017, largely sight unseen. But upon entering the structures, city officials found an astonishing array of substances like mercury, acids and poisons. Some of the floors of the former five-story meatpacking building had collapsed. In over their heads, the city asked EPA for help . The agency spent much of the spring, summer and fall of 2019 removing and neutralizing dangerous chemicals from the site using its Superfund — a federal cash pool EPA taps to address expensive environmental projects, then a...
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