White House unveils $1.75 trillion budget package with billions for climate

White House unveils $1.75 trillion budget package with billions for climate


Photo by Chip Somodevilla/Getty Images

After months of negotiations, President Joe Biden released the latest version of his Build Back Better framework on Thursday, advancing the landmark proposal into what will likely be its final phase before approval. The plan’s original $3.5 trillion budget resolution now sits at $1.75 trillion, unveiling scaled-back initiatives to tackle climate change and other social services.

In its latest budget proposal, the White House’s total investment in fighting climate change remains relatively the same, sitting at $550 billion. What’s changed the most is how those funds will be used: focusing on manufacturing, electric power, and transportation.

Continue reading…

Source:

This post was originally created on this site & curated for Mamizi members