What’s in the $2.2 Trillion Social Policy and Climate Bill
The package includes $400 billion to bolster support for children and families, $555 billion for climate change programs and $166 billion in housing aid.
The package includes $400 billion to bolster support for children and families, $555 billion for climate change programs and $166 billion in housing aid.
The budget reconciliation proposal passed by the House would mark the biggest climate investment in U.S. history at half a trillion dollars. It would also move President Biden closer to his administration’s ambition goals of reaching net-zero carbon emissions by 2050.
The $555 billion package is designed to lure the country away from fossil fuels. It faces an uncertain path in the Senate.
The vote was months in the making for the roughly $2 trillion measure, one of the most consequential bills in decades. Now it faces a difficult path in the Senate.
If enacted, Biden's framework would enshrine climate change action in law, making such measures difficult to roll back by future administrations.
Experts say the infrastructure bill is a positive step in the right direction but a mix of private and public funding will be needed for U.S. EV network.
A House vote, months in the making, could come as early as Thursday evening on a $1.85 trillion social policy and climate bill that would be the largest expansion of the safety net in 50 years.
If it makes the finish line, it would be by far the most sweeping U.S. climate package ever enacted.
President Biden traveled to Detroit on Wednesday to promote American-made electric vehicles and a new infrastructure package at a time when the rest of his climate agenda hangs in the balance back in Washington.
Negotiations in Washington, D.C., are far more important than those in Glasgow, Scotland.
After talking the climate talk at U.N. negotiations in Scotland, the Biden administration now tests whether a divided U.S. can walk the climate walk.
President Biden's roughly $2 trillion social spending plan — a historic investment in addressing climate change — was delayed to this morning after House Minority Leader Kevin McCarthy (R-Calif.) spent hours bashing the bill on the floor.