Interior Department highlights achievements of Cobell buy-back program
With the presidential election only a week away, the future of a major Indian land effort hangs in the balance.
Under the direction of the Obama administration, the Land Buy-Back Program for Tribal Nations has racked up some notable achievements. It's put nearly $900 million into the hands of individual Indians while restoring a significant chunk of land to tribal ownership.
But the success comes at a cost. In less than five years, the Interior Department has already spent more than half of the $1.9 billion that was set aside by the Cobell settlement for land consolidation.