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A 10-year federal plan would reduce water deliveries to Arizona, Nevada, and California by as much as 40 percent. The reductions respond to long-term shrinkage of the Colorado River and the states' failure to reach their own agreement.
theconservativetreehouse.comThe Trump Administration announced it will impose a 10-year plan that cuts water supplies for Arizona, Nevada, and California by up to 40 percent, depending on river conditions. The plan follows decades of discussion about water policy in the desert southwest and comes after the states failed to agree on reductions themselves.
The Colorado River Compact, signed a century ago, set allocations for the upper and lower basins but overestimated average flows. States along the river have operated under that shortfall ever since.
A drought that has lasted more than two decades has further reduced flows. The river supplies water to major cities and agricultural districts across seven states.
The administration said the cuts will be implemented because the states could not reach a voluntary agreement.
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New York PostOil prices dropped below $75 a barrel and neared $70 on June 25. The decline follows last week's interim truce between Washington and Tehran and increased tanker traffic through the Strait of Hormuz.
dailykos.comA special purpose vehicle created by Yorkville Advisors is under review by Senate Democrats for its business activities involving Venezuela and its connections to the president's family. The inquiry examines the vehicle's structure and recent commercial efforts.
qz.comMicron Technology reported third-quarter profit of $28.2 billion, up nearly 15 times from a year earlier, and said customers had committed $22 billion for future chip supplies. The results reversed a sharp sell-off in AI-related stocks that hit markets earlier in the week.