Floods costing Australia $3B in lost farming, coal

Rivers surged to record heights and put rural towns and an already waterlogged city on flood watch Friday in a weeklong crisis that is costing Australia at least $3 billion in lost farming and coal exports.

Residents of Brisbane sandbagged homes again as an exceptionally high tide and overnight rain engorged the main river through the Queensland state capital, already devastated by flooding last week. Mayor Campbell Newman urged people in low-lying areas to be prepared. The Brisbane River is expected to remain high until Sunday. (AP)