CBS: Feds To Restore Cuts In Mineral Payments To States

U.S. Sen. Tom Udall, a New Mexico Democrat, said the administration’s reversal showed it had “seen reason.”

“These funds are the result of an existing agreement for mineral development,” he said. “The government shouldn’t be using them to balance its books.”

Mineral leasing revenues are typically split roughly evenly between the states and the Interior Department. The government last year paid $2.1 billion to the states under the mineral leasing program.

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