Debt ceiling battle threatens Biden's climate law and jobs.

House Republicans’ proposal for raising the federal debt limit seeks to repeal green energy tax incentives established under Democrats’ Inflation Reduction Act, including solar and wind manufacturing production tax credits. The White House argues that gutting the law would wipe out tens of thousands of jobs that the law is creating in Republican-held states. The GOP bill would enact the party’s marquee energy bill, H.R.1 (218), which includes easing permitting rules for new energy infrastructure and mining projects. The Republican proposal also includes more partisan elements of their energy bill, which would mandate more oil and gas lease sales on federal lands, ease restrictions on natural gas exports, and repeal a fee that the IRA imposed on methane emissions from oil and gas operations.