
After touch-and-go negotiations, climate emerges as big winner in Biden's economic framework
CNN
As the dust settles on Democrats' $1.75 trillion economic framework, climate has emerged as a big winner.
The framework crafted by President Joe Biden and congressional leaders includes $555 billion for climate and clean energy provisions. If passed, it would be the largest legislative investment on climate in US history, and a significant step forward for a Congress that has punted on climate action for decades -- all while global temperatures have risen at an alarming rate.
"We're spending over five times what we spent in the [2009] Recovery Act, and it's a lot broader," Josh Freed, founder of the Climate and Energy Program at the center-left think tank Third Way, told CNN, referencing the $90 billion spent on clean energy during the Obama administration. "The Biden administration and congressional Democrats learned a big lesson, which is these kinds of investments can have a huge positive impact on sectors, technology, and the economy."

President Donald Trump issued a stark threat to defense contracting companies on Wednesday, saying he would seek to limit stock buybacks and executive salaries unless they improve their delivery of weapons systems to the US military hours before saying he’d decided to substantially increase the defense budget.












