Lawmakers, GAO Press Agencies To Limit Climate Risks To Their Finances

One House Democrat is underscoring the potentially massive damages from increased flooding and sea level rise on federally backed mortgage giants, while lawmakers from both parties are urging multiple federal agencies to speed and better prioritize climate adaptation and resilience efforts. “There are whole communities in Florida where there is going to be complete property loss before a 30-year mortgage is repaid that was issued today,” said Rep. Sean Casten (D-IL) during a March 2 hearing held by the House...