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Navajo Nation erases its budget deficit with Peabody settlement

The Navajo Nation cleared a $23 million budget deficit thanks to a settlement with Peabody Energy.

The tribe received an immediate $50 million payment through the settlement. That enabled the tribe to eliminate the deficit earlier than anticipated.

The tribe settled the lawsuit after saying it had been cheated out of $600 million in coal royalties.

Get the Story:
Navajo Nation erases $22M budget deficit (AP 8/23)

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Navajo Nation settlement includes payments, scholarship funds (8/22)
Navajo Nation announces settlement for Peabody lease dispute (8/5)

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