A new study released yesterday by an advisory panel to the U.S. EPA undercuts one of the Bush administration’s main reasons for revoking a tougher standard for arsenic levels in drinking water. When EPA Administrator Christie Todd Whitman rejected the standard, she said the Clinton administration hadn’t adequately considered costs when arriving at the standard. But the panel’s report found that, to the contrary, the previous administration did a “credible job” of gauging the costs.