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Budget office projects Biden green energy plan will cost much more than initial estimate

Posted on AllSides February 7th, 2024
From The Center
Danny Moloshok | Reuters

The U.S. budget deficit will grow by an estimated $1 trillion over the next 10 years, the nonpartisan Congressional Budget Office projected in a new report Wednesday.

Part of that growth will be driven by unexpectedly high costs related to President Joe Biden’s signature policy goal: Reorienting the U.S. economy towards greener energy, the CBO found.

“I came to office determined to ... face the existential threat of climate and still grow, to fundamentally change our economy, and to transition this country to a clean energy future,” Biden said last...

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