‘Hostage situation’: stakes for climate policy high in debt ceiling fight

1 year ago 55

Republicans are determined to link any increase in the ceiling with cuts to Biden’s signature climate legislation

Amid warnings about looming fiscal catastrophe, the GOP is attempting to use Biden’s climate agenda as a bargaining chip over raising the debt ceiling – even if it could hurt Republican voters.

Late last month, House Republicans narrowly passed speaker Kevin McCarthy’s proposal to raise the government’s debt ceiling in exchange for sweeping cuts to federal spending.

Continue reading...
Read Entire Article