Democrats Signal Climate-Heavy Budget Proposal To Be Punted To 2022

Senate Democrats are signaling that final passage of their climate-heavy budget “reconciliation” bill is unlikely to occur this year, even as lawmakers continue to develop the sprawling package including the release of a new Senate environment panel text that includes major spending for EPA climate and other initiatives. In addition, draft language from the Senate energy panel suggests senators may omit sweeping offshore drilling prohibitions and temper House-passed increases to fossil fuel royalty rates, according to multiple press reports. “We...