Biden order on climate financial risk reaches deep into the economy

President Joe Biden will direct agencies to mitigate the financial risk of climate change to homeowners, consumers, federal workers, businesses and the government itself in a sweeping executive order signed Thursday.

Extreme weather poses risks to supply chains, food and water, housing and energy, according to a two-page fact sheet on the order. National Economic Council Director Brian Deese called the measure a pivotal moment for the U.S. government.