Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

U.S. taxpayers to pay Capitol siege tab as government shuns insurance

EconomyJan 07, 2021 06:55PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.

By Suzanne Barlyn

(Reuters) - U.S. taxpayers will be on the hook for damage from a mob attack on the U.S. Capitol in Washington on Wednesday because the building and grounds are not insured, industry sources said.

Supporters of Republican President Donald Trump angry at his election loss stormed the Capitol Building, breaking windows, defacing items inside and setting small fires outside.

Taxpayers will pay for damages because federal agencies rarely carry insurance, industry and policy sources said. "Taxpayers will be on the hook for repairs to the Capitol," said Stephen Ellis, president of Taxpayers for Common Sense, a U.S. budget watchdog group.

The tab for fixing broken glass, doors and furniture, plus cleaning debris left behind, was still unknown.

Senator Jeff Merkley's office had a door knocked off its hinges and art torn from the wall, according to video the Oregon Democrat posted on Twitter.

Other congressional staffers and journalists posted photos of offices littered with broken glass and debris, as well as a door with "MURDER THE MEDIA" scrawled into it, and a bust of former President Zachary Taylor splashed with red paint.

The Architect of the Capitol, which oversees building preservation and maintenance, will likely have to cover some of the cost, sources said. The agency did not respond to a comment request.

The violence on Wednesday came as the Senate was counting electoral votes to certify Democrat Joe Biden's presidential victory. The siege by Trump supporters represents one of the gravest security lapses in recent U.S. history, current and former law enforcement officials said.

In terms of repair and cleanup expenses, the federal government has long considered insurance not worth the expense.

Even allowing the FBI to purchase coverage for an undercover operation involving global risks is rare, the Government Accountability Office noted in a 1982 report.

That position has not changed much, even after terrorists targeted the Pentagon on Sept. 11, 2001. It cost $500 million to $1 billion to fix the building, according to estimates.

 

U.S. taxpayers to pay Capitol siege tab as government shuns insurance
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
Thomas DeVito
Thomas DeVito Jan 08, 2021 6:36AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
fact is we would be interested n the hook for the premium all these b years as well
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email