Federal Reserve Prepares for Financial Default By United States of America!

This blog post is neither sponsored nor commissioned by the Fed!

Please note that this story about the Federal Reserve preparing for a U.S. default is from a week ago, so it shows that the Federal Reserve had little hope that our political leaders would reach an agreement on the debt ceiling. As of this writing, the lawmakers have not reached an agreement on the debt ceiling.

Nevertheless, this is just like a WWE match where it's all about suspense and drama! I still believe that the lawmakers will reach some last minute B.S. deal to avoid having a default occur on their respective watches, but anything is always possible.

As the wrangling over the U.S. debt ceiling continues in Washington, the Federal Reserve is making preparations in the event that Congress and President Obama fail to reach an agreement by the August 2 deadline...

"We are in contingency planning mode," Charles Plosser, president of the Philadelphia Federal Reserve Bank, told Reuters...

Source: globalpost

Nuclear Regulatory Commission Issues License to Uranerz Energy for Nichols Ranch Uranium Recovery Project in Wyoming

In case you weren't aware, the United States is still issuing mining permits for uranium! This one is in Wyoming. I've never actually met anyone from Wyoming, so if you're reading this in Wyoming, please drop a line in the comments!

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NRC ISSUES LICENSE TO URANERZ ENERGY CORP. FOR NICHOLS RANCH URANIUM RECOVERY PROJECT IN WYOMING

The Nuclear Regulatory Commission has issued a license to Uranerz Energy Corp. to construct and operate the proposed Nichols Ranch in-situ leach uranium recovery project in Johnson and Campbell counties in Wyoming.

Uranerz submitted the license application for Nichols Ranch on Nov. 30, 2007. The project is to be located in the Pumpkin Buttes Uranium Mining District of the Powder River Basin, about 46 miles south-southwest of Gillette and 60 miles northnortheast of Casper. The project will cover nearly 3,400 acres, of which about 300 acres will be directly affected by operations. The project will recover and mill uranium for use in fuel for commercial nuclear power plants.

The NRC published its Supplemental Environmental Impact Statement for the Nichols Ranch project in January. That report determined that there were no major environmental impacts that would preclude issuing the license. The environmental report is available in the agency’s ADAMS online database by searching for ML103440120. The staff has also completed its Safety Evaluation Report, which will be available in ADAMS by searching for ML102240206.

More information about the Nichols Ranch project and in situ uranium recovery is available on the NRC website.

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NRC NEWS
U.S. NUCLEAR REGULATORY COMMISSION
Office of Public Affairs
Telephone: 301/415-8200
Washington, D.C. 20555-0001
E-mail: opa.resource@nrc.gov
Site: www.nrc.gov
Blog: http://public-blog.nrc-gateway.gov
No. 11-131
July 20, 2011