Economy & Business

Biden Aims To Make U.S. an EV Powerhouse. Congress May Not Be Plugged In

"President Biden wants more than $170 billion to turn the nation from a laggard in the electric vehicle market into a leader. He’s challenging Congress to OK billions more in spending to persuade Americans to part with their gas-powered cars and take public transit, and even to electrify a chunk of the nation’s yellow school bus fleets."

Source: LA Times, 04/01/2021

"Biden's $2T Infrastructure Plan Would Overhaul Grid"

"President Biden will unveil a $2 trillion, eight-year plan today that features efforts to speed up a transition to clean energy, including $100 billion to upgrade the U.S. electric grid and to give the Energy Department more clout in disputes over siting power lines."

Source: E&E News, 04/01/2021

"Biden’s Climate Plan Means Tough Choices: Which Homes Get Saved?"

"President Biden’s $2 trillion infrastructure plan represents an enormous effort to protect Americans from climate change, but it sidesteps one of the most immediate and wrenching dilemmas: Deciding not just where to spend more money on roads, bridges or sea walls, but where to stop spending — and instead, help people get out of the way."

Source: NYTimes, 04/01/2021

Biden’s Big Bet: Tackling Climate Change Will Create Jobs, Not Kill Them

"In 2017, as Donald J. Trump was announcing the United States’ withdrawal from the Paris climate accord, the largest global effort to attack planetary warming, he declared, “I was elected to represent the citizens of Pittsburgh, not Paris.”"

Source: NYTimes, 04/01/2021

"Auto Negotiations Test Biden’s Vow To Create A Climate-Friendly Future"

"Phasing out the internal-combustion engine is critical to President Biden’s vow to retool the American economy for a low-carbon future. In a massive infrastructure plan set to be unveiled Wednesday, Biden is expected to signal just how far he is willing to go to achieve his climate goals."

Source: Washington Post, 03/31/2021

Biden Details $2 Trillion Plan to Rebuild Infrastructure, Economy

"President Biden will unveil an infrastructure plan on Wednesday whose $2 trillion price tag would translate into 20,000 miles of rebuilt roads, repairs to the 10 most economically important bridges in the country, the elimination of lead pipes and service lines from the nation’s water supplies and a long list of other projects intended to create millions of jobs in the short run and strengthen American competitiveness in the long run."

Source: NYTimes, 03/31/2021

"Biden’s Lesson From Past Green Stimulus Failures: Go Even Bigger"

"As vice president, Joe Biden oversaw a “green jobs” stimulus package that produced notable failures. This time, with more money and more demand for clean technology, will be different, Democrats say."

"WASHINGTON — In September 2009, then-Vice President Joseph R. Biden Jr. traveled to a defunct General Motors plant near his hometown, Wilmington, Del., to announce a $528.7 million government loan for Fisker Automotive to make hybrid and electric vehicles.

Source: NYTimes, 03/30/2021

"Green Climate Fund Chief Urges Reopening of U.S. Finance Tap"

"As the Green Climate Fund seeks to ramp up its financing for climate action and green recovery in developing nations, it needs the United States to restart contributions halted by its former president, the fund's executive director said on Friday."

Source: Thomson Reuters Fdn., 03/29/2021

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