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US issues first commercial construction permit for a nuclear reactor in years to a Wyoming project
The U.S. Nuclear Regulatory Commission issued its first construction permit for a commercial nuclear reactor in eight years Wednesday, granting approval to plans by a Bill Gates-backed company to build a sodium-cooled reactor in western Wyoming.
TerraPower filed for the permit in 2024, with construction now set to begin within weeks. Completion of the up to $4 billion plant is targeted for 2030, according to TerraPower.
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Tariff refund delays could cost U.S. taxpayers $700 million a month in interest
The federal government is estimated to owe American businesses up to $175 billion in tariff refunds after the Supreme Court struck down much of the Trump administration's import duties last month. But the U.S. could end up owing considerably more money, according to a new analysis — in interest payments.
Research from the Cato Institute, a nonpartisan think tank in Washington, D.C., said that the delay in refunding companies for emergency tariffs invalidated by the high court is costing U.S. importers a total of $700 million per month, or $23 million per day, based on the interest owed on the illegally collected duties.
