"House Republicans Cut Climate Change Funding and Pass Government Funding Bill"

1 min read
Source: Bloomberg
"House Republicans Cut Climate Change Funding and Pass Government Funding Bill"
Photo: Bloomberg
TL;DR Summary

House Republicans, led by Speaker Mike Johnson, have passed a $58 billion legislation that cuts billions of dollars in consumer rebates for energy efficiency upgrades included in President Joe Biden's climate law. The bill rescinds over $5.5 billion from the Inflation Reduction Act, including programs for homeowners to switch to more energy efficient appliances and grants to help states develop stricter building energy codes.

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