Climate science, policy, politics, and action
Chair Jack Reed (D-R.I.)
Witnesses:
The ARPA-E Energy Innovation Summit (The Summit) is an annual conference and technology showcase that brings together experts from different technical disciplines and professional communities to think about America’s energy challenges in new and innovative ways. Now in its thirteenth year, the Summit offers a unique, three-day program aimed at moving transformational energy technologies out of the lab and into the market.
The summit is taking place at the Gaylord National Resort & Convention Center, National Harbor, Maryland.
Agenda: Day One | Day Two | Day Three
9:00 a.m. – 10:00 a.m.
Fast Pitch: Nuclear & Materials
Dr. Ahmed Diallo, Program Director, Advanced Research Projects Agency-Energy (ARPA-E)
Dr. Robert Ledoux, Program Director, Advanced Research Projects Agency-Energy (ARPA-E)
Dr. Jenifer Shafer, Program Director, Advanced Research Projects Agency-Energy (ARPA-E)
9:00 a.m. – 10:00 a.m.
Grid Storage Beyond the Hype
Intermittent resources such as wind and solar play a greater role in energy generation. Concurrently, consumer, commercial, and industrial power consumption increasingly electrifies. Energy storage will play a critical role in balancing supply and demand across the grid, regardless of time of day, weather, or season. This is reflected in the public funding and private capital flowing to the development of new battery and alternative energy storage technologies and projects. This panel will explore the role that storage currently plays in the grid and, more importantly, what to expect in the future, and when. Our panelists will discuss the technologies and the business cases behind recent high-profile long duration energy storage projects to provide an inside view into this key enabler of the energy transition.
Yayoi Sekine, Head of Energy Storage, BloombergNEF
Dr. Jesse Jenkins, Assistant Professor, Andlinger Center for Energy and the Environment, Princeton University
Julia Souder, Executive Director, Long Duration Energy Storage Council
TJ Winter, Vice President, Strategic Technologies, Fluence
9:00 a.m. – 10:00 a.m.
What’s Behind the Corporate Curtain?
This panel will examine large company absorption and adoption of companies and their technologies. When a company conducts an IPO or other type of capital raise, everything happens in the public eye. Conversely when one company acquires another’s technology – or the company itself – the process is opaquer and that technology sometimes doesn’t resurface for years, if ever. Large company executives will pull back the curtain and explain what happens to the energy technologies they acquire after the purchase and how they are absorbed or adopted into the acquirer’s operations. Learn more about this potential road to commercialization.
Christy Wyskiel, Director, Johns Hopkins Technology Ventures
Dr. Patty Chang-Chien, Vice President & General Manager, Boeing Research and Technology
Roman Mueller, Executive Director and Principal, RTX Ventures
Limor Spector, General Manager, Incubation Technologies, GE Research
Mark Szendro, Director, Battery Materials North America, BASF
11:00 a.m. – 11:15 a.m.
Tech Demo: CHARGED: Commercialization of Highly Accelerated Reliable Grid-Networked Energy Delivery
Team: Imagen Energy
12:00 p.m. – 1:00 p.m.
Tech Demo: Predictive Data-Driven Vehicle Dynamics and Powertrain Control: from ECU to the Cloud
University of California, Berkeley (UCB)
This NEXTCAR project seeks to reduce vehicle
energy consumption by 30%, via connectivity and automation technologies.
If scaled to all on-road vehicles in the U.S., these technologies
potentially eliminate 4.5 quads of energy consumption. Our project
pursues three use-cases. The first leverages communication with
signalized intersections to automate the speed profile and lane changing
to minimize energy consumption, in arterial roads. Second, we automate
the parking and charging behaviors in parking lots via
vehicle-to-vehicle and vehicle-to-infrastructure communication. Third,
we minimize fleet vehicle energy consumption via optimized dispatching,
routing, and charge scheduling in urban environments. We invite you to
engage with us on scaling this technology to maximize impact.
10:30 a.m. – 12:00 p.m.
Student PITCHES (Proposing Ideas for Technologies that Can Harness Energy Sustainably)
Pitchers:
Aditya Mishra, University of California, San Diego: “DERConnect: Voltage state estimation in partially known power network”
Bogdan Dryzhakov, University of Tennessee – Knoxville: ” Single Cells with Tandem Power”
Gustavo Marquez, Stanford University and Melissa Zhang, Harvard University: “RockFix”
Lindsay Walter, University of Utah: “Power at the nanoscale: Waste heat recovery using near-field thermophotovoltaics”
Shomik Verma, Massachusetts Institute of Technology: ” High-temperature ceramic combustor with thermophotovoltaic power generation”
Sichao Cheng, University of Maryland: “Self-sustaining methane conversion facility for methane flaring sites with economical feasibility” Panel:
Dr. Halle Cheeseman, Program Director, Advanced Research Projects Agency-Energy (ARPA‑E)
Dr. Paul Glaser, Hydrogen & Future Fuels Leader, GE Vernova Advanced Research
Dr. Brenda Haendler, Director of Technology Management, Breakthrough Energy Fellows
Gautam Phanse, Strategic Relations Manager, Chevron Tech Ventures
Mark Szendro, Director, Battery Materials North America, BASF
12:00 p.m. – 1:00 p.m.
American Energy Innovators Network: Designing Federal Policy for Energy Startups
The American Energy Innovators Network (AEIN) is hosting a policy discussion for Summit participants. Join us for a brief overview of the policy landscape affecting clean energy startups, entrepreneurs, and investors, and discussion on policy priorities for the upcoming year. This conversation is open to anyone who is interested.
Dr. Tanya Das, Senior Associate Director of Energy Innovation, Bipartisan Policy Center
Natalie Tham, Policy Analyst, Energy Program, Bipartisan Policy Center
1:15 p.m. – 1:35 p.m.
Keynote Address
Arun Majumdar, Dean, Stanford Doerr School of Sustainability
1:35 p.m. – 1:55 p.m.
Fireside Chat
Mujeeb Ijaz, Founder and Chief Executive Officer, ONE
Alicia R. Knapp, President and Chief Executive Officer, BHE Renewables
Kathi Vidal, Under Secretary of Commerce for Intellectual Property and Director of the United States Patent and Trademark Office
1:55 p.m. – 2:05 p.m.
Keynote Address
Wes Moore, Governor, State of Maryland
2:15 p.m. – 2:30 p.m.
Keynote Address
* Dr. David Victor, Professor of Innovation and Public Policy, School of Global Policy and Strategy, University of California San Diego, BP
2:30 p.m. – 2:40 p.m.
Keynote Address
Lisa Murkowski, U.S. Senate, Alaska
2:45 p.m. – 3:15 p.m.
Keynote Address & Fireside Chat
Dr. Neil deGrasse Tyson, Fredrick P. Rose Director of the Hayden Planetarium
Evelyn Wang, Director, Advanced Research Projects Agency-Energy (ARPA‑E)
3:45 p.m. – 4:45 p.m.
Fast Pitch: Sustainability & Resilience
Dr. Simon Freeman, Program Director, Advanced Research Projects Agency-Energy (ARPA-E)
Dr. Anil Ganti, Fellow, Advanced Research Projects Agency-Energy (ARPA-E)
Dr. Philseok Kim, Program Director, Advanced Research Projects Agency-Energy (ARPA-E)
Dr. Marina Sofos, Program Director, Advanced Research Projects Agency-Energy (ARPA-E)
3:45 p.m. – 4:45 p.m.
Best Practices and Challenges for Product or Process Lifecycle Analyses
The focus on sustainability across multiple industry sectors has enhanced the need for the development of highly sophisticated Lifecycle Analysis (LCA) tools for revenue generating products and processes. These tools help companies estimate and reduce their Scope 1-3 emissions to meet the sustainability scorecards they have been mandated to report on. Development of such models are a non-trivial task requiring a comprehensive understanding of cradle-to-grave supply chains and acquiring and analyzing data sources, for accurate reporting. This panel session will focus on identifying some of the challenges and best practices for the development of LCA tools for the aviation, datacenter, oil & gas, and materials manufacturing industries and what transformational technologies are needed. Perspectives from the panelists will focus on what is possible versus what is needed and how the uptake of these tools for future decision making can be enhanced.
Dr. Stephen McCord, Research Area Specialist Lead, University of Michigan Global CO2 Initiative
Michelle Krynock, Senior Life Cycle Analyst, National Energy Technology Laboratory
Laurette Lahey, Senior Director of Flight and Vehicle Technology, Boeing Research & Technology
Cory Tatarzyn, Global Zero Waste Program Manager, General Motors
3:45 p.m. – 4:45 p.m.
Nuclear Power for our Low Carbon Future: Rethinking the Nuclear Waste Challenge
The energy transition will require a variety of low-carbon energy technologies and, while early in the transition, the premium for constant, on-demand power is becoming increasingly important. One option for low-carbon, baseload electricity is nuclear energy. Several advanced reactor companies are targeting deployment towards the latter part of this decade, though a common question relevant to their rapid deployment is, “What should we do about the waste?”. The current disposal plan, decided in the late 1970s and endorsed multiple times since, for nuclear waste is to permanently dispose of the material in a deep geological repository. However, the existing nuclear waste sits in interim storage at approximately 100 locations throughout the United States and the suitability of a potential deep geological repository to effectively sequester nuclear waste from advanced reactors is unclear. Fortunately, technologies, including waste forms, recycling, transmutation, etc., have dramatically evolved and the potential to reassess optimal disposal options is timely. This panel will discuss how potential technological innovations could have significant impact on the viability of various disposal options.
Dr. Bob Ledoux, Program Director, Advanced Research Projects Agency-Energy (ARPA‑E)
Dr. Jenifer Shafer, Program Director, Advanced Research Projects Agency-Energy (ARPA‑E)
Dr. Per Peterson, Professor, U.C. Berkeley
Sylvia Saltzstein, Manager of Spent Nuclear Fuel Storage, Transportation, Security, and Safeguards R&D, Sandia National Laboratory
Jackie Siebens, Director of Policy and External Affairs, Oklo Inc.
Dr. Kris Singh, Chief Executive Officer, Holtec
5:15 p.m. – 5:30 p.m.
Tech Demo: Analytics Data Hub and the Intelligence Potential of Clarivate’s Global Research & Innovation Data
Clarivate Partner Demo
6:45 p.m. – 7:00 p.m.
Tech Demo: Compact Diffusion Bonded Printed-Circuit Heat Exchanger Development Using Nickel Superalloys for Highly Power Dense and Efficient Modular Energy Production Systems
Vacuum Process Engineering (VPE) will present progress on the design and manufacturing development of compact diffusion bonded microchannel heat exchangers using high nickel superalloys. Microchannel heat exchangers are constructed from laminating layers of sheet metal together in a solid-state joining process where the sheet metal layers contain small semicircular channels to accommodate fluid flow with alternating flow paths. Typically, microchannel heat exchangers are constructed from stainless steel alloys which limits their operating conditions to ~650 °C at ~20 MPa. The development of alternative channel forming and bonding techniques developed in this project for high nickel alloys such as IN740H allow for the operating envelope of microchannel heat exchangers to be extended to 800 °C at 28 MPa. A prototype 5-kW heat exchanger constructed from IN740H and operated at temperatures above 800 °C will be presented.
7:30 p.m. – 7:45 p.m.
Tech Demo: AERIALIST – 2nd generation motor for lArge ElectRIc Aircraft propuLsIon SysTems
Team: Wright Electric
5:00 p.m. – 6:45 p.m.
ARPA-E: The Team Transforming Energy
ARPA-E has a history of making a difference – not just in the way the United States uses energy, but also in the lives and careers of those who join the ARPA-E team. The Program Director, T2M Advisor, and Fellow positions can play a decisive role in a career both by providing the opportunity to revolutionize the energy sector and positioning team members for future prospects that may have otherwise been out of reach or unimagined. These positions are term limited to drive a consistent influx of new ideas and perspectives into the agency and grow its alumni network throughout the energy innovation community. Join new ARPA-E Director Dr. Evelyn Wang as she sits with a panel of ARPA-E team members and alumni to discuss their experience working at the agency, how they decided that a role at ARPA-E was the right fit for them, and how ARPA-E served as a pivotal point in their career trajectory.
Evelyn Wang, Director, Advanced Research Projects Agency-Energy (ARPA‑E)
Susan Babinec, Program Lead, Stationary Storage, Argonne National Laboratory
Dr. Bob Ledoux, Program Director, Advanced Research Projects Agency-Energy (ARPA‑E)
Ashwin Salvi, Chief Operating Officer, Atmoszero
Launch fundraiser with Bill McKibben
Join Climate Defiance for our launch party fundraiser with keynote speaker Bill McKibben.
About Bill McKibben:
Widely recognized as one of the world’s preeminent climate activists, Bill McKibben is a founder of 350 and Third Act. McKibben is the Schumann Distinguished Professor in Residence at Middlebury College, and the author of over a dozen books including Eaarth and The End of Nature.
About Climate Defiance:
We are a brand-new, youth-led, grassroots organizing collective focused on using peaceful, nonviolent direct action to resist fossil fuels. Our first demand is that President Biden end all fossil fuel leasing on federal lands. We will not shy away from confrontation and disruption. Our world is in a state of emergency and we plan to act accordingly. This April, we will sit-in at the White House Correspondents Dinner – those of us who are able will engage in a bold act of nonviolent, civil disobedience there.
Our mission:
Location: Brookland Busboys & Poets
Note: If you are unable to attend, but would like to make a contribution, please do so at climatedefiance.org/donate
Business meeting to vote on the nomination of Dilawar Syed to be Deputy Administrator of the U.S. Small Business Administration, followed by
A hearing on the FY 2024 budget request for the U.S. Small Business Administration.
Chair: Ben Cardin (D-Md.)
Witness:
In FY 2024, SBA is requesting $10 million in Climate Change administrative expenses in the Salaries and Expenses account instead of $5 million in the Business and Disaster Loan Program accounts respectively as provided in FY 2023 Enacted.
The SBA will help small businesses mitigate risks from severe weather and related hazards, adopt clean and energy efficient technologies, and compete in the markets of innovative goods and services. The SBA’s FY 2023 enacted appropriations provided $5 million in Business Loans Programs administrative expenses for this purpose. The SBA will hire subject matter experts to update policies to address small business needs for access to capital due to climate crisis issues (e.g., energy efficiency, flooding due to coastal changes, redesign or relocation needs). These additional resources will enable the SBA to increase focused outreach, training, and awareness campaigns of the 7(a), 504, and Microloan programs. The funds will also allow the SBA to provide updates on program enhancements identified by the energy focused policy team in conjunction with industry associations whose clients have a special emphasis area in climate crisis issues.
The Federal and State Technology (FAST) Partnership Program is designed to provide critical and direct assistance to underserved innovation-based entrepreneurs with the goal of increasing their success in obtaining SBIR and STTR funding. In FY 2023 and FY 2024, the SBA will expand the FAST program and increase the number of awards and value of awards through the increase in funding provided in FY 2023 enacted and requested in the FY 2024 Budget. The SBA will continue to monitor awardees and ensure that performance data are used to assess outcomes. FAST will continue its emphasis on addressing climate change and growing participation from underserved entrepreneurs.
: In FY 2023 and FY 2024, the SBA will run the Growth Accelerator Fund Competition to award prizes that support an inclusive public-private ecosystem for innovators, particularly those who have been underrepresented in STEM/R&D entrepreneurship. Focus areas for proposals will include assistance programs for women and minority entrepreneurs, entrepreneurs in rural areas, and programs targeting technologies addressing manufacturing and climate change.
Presiding: Chair Van Hollen
Witness:
Includes:
Staffing to Support Climate Initiatives +$3,184,000 / +11 FTE
The Administration is targeting cuts to greenhouse gas (GHG) emissions by 50% – 52% from 2005 levels by 2030 and has outlined an ambitious plan to double international climate finance and triple international adaptation finance by 2024, to support communities transitioning away from coal and to encourage the private sector to disclose climate risk. The Administration has tasked Treasury with playing a key role in these efforts, but as currently staffed, Treasury is limited in its ability to contribute to crucial elements of the climate agenda. Treasury’s unique responsibilities on a range of programs related to climate change – including economic, financial sector, and climate-related government policies – are reflected in an ambitious climate strategy program. This request would build policy strength in key climate functions, including international economists who can support bilateral and multilateral efforts outlined in the International Climate Finance Strategy, domestic finance experts responsible for understanding climate risks on the financial system, and economists responsible for conducting economic analyses related to the impacts of domestic and international climate policies on US energy markets.
Climate Technical Assistance Center +$5,000,000 / +16 FTE
Funding is requested for the establishment of a Climate-Related Financial Risk Technical Support Center to develop, conduct, and integrate assessments of climate-related financial risk exposure from across the Federal government and to facilitate climate financial risk data sharing. This initiative is intended to improve the Federal Government’s ability to understand the potential impact of climate-related financial risks to Federal assets and programs.
Chair: Alex Padilla (D-Calif.)
Witnesses:
Participants:
On World Water Day, Wednesday, March 22, at 11:30 a.m. Eastern at the House Triangle, House Natural Resources Committee Ranking Member Raúl M. Grijalva (D-Ariz.) and Senator Tammy Duckworth (D-Ill.) will be joined by Vice Ranking Member Sydney Kamlager-Dove (D-Calif.), Senator Cory Booker (D-N.J.), and environmental justice leaders for a press conference to announce introduction of the newly named A. Donald McEachin Environmental Justice for All Act. Ranking Member Grijalva will also announce Rep. Barbara Lee (D-Calif.) as the new lead cosponsor of the House bill.
The press conference will highlight key provisions of the A. Donald McEachin Environmental Justice for All Act, the most comprehensive federal environmental justice legislation to date. Environmental justice leaders will also be in attendance to speak to the impacts of environmental injustices on their communities and the pressing need for federal legislative action.
After the press conference, speakers and additional environmental justice community leaders will be available to press to discuss the legislation and its impact in more detail.
Speakers:
Community environmental justice leaders available for interview post-press conference:
Witness:
Statement by Administrator Regan on the President’s FY 2024 Budget:
Today, the Biden-Harris Administration released the President’s Budget for fiscal year 2024 to the Congress. The Budget requests over $12 billion in discretionary budget authority for the EPA in 2024, a $1.9 billion or 19-percent increase from the fiscal year 2023 enacted level. EPA will release the full Congressional Justification and Budget in Brief materials soon.
The President’s Budget makes historic investments to support the Agency’s ongoing work to tackle the climate crisis, advance environmental justice, protect air quality across the nation, invest in critical water infrastructure and increase support for our state and Tribal partners in their efforts to implement environmental laws, and continue to rebuild core functions at the Agency.
“EPA is at the center of President Biden’s ambitious environmental agenda and the FY 2024 Budget will ensure the Agency delivers bold environmental actions and economic benefits for all. Coupled with the President’s historic investments in America through significant legislative accomplishments, the Budget will advance EPA’s mission across the board, boosting everything from our efforts to combat climate change, to delivering clean air, safe water, and healthy lands, to protecting communities from harmful chemicals, and to the continued restoration of capacity necessary to effectively implement these programs,” said EPA Administrator Michael S. Regan. “Importantly, the Budget also supports our work to center environmental justice across all of the Agency’s programs, ensuring that no family, especially those living in overburdened and underserved areas, has to worry about the air they breathe, the water they drink, or the environmental safety of their communities.”
Highlights of the President’s FY 2024 Budget include:
Tackling the Climate Crisis with Urgency. The EPA’s Budget prioritizes combatting climate change with the urgency that science demands. The Budget includes $5 billion, a $757 million increase over the 2023 enacted level, to support work reducing greenhouse gas (GHG) emissions, building resilience in the face of climate impacts, and engaging with the global community to respond to this shared challenge, while also providing resources to spur economic progress and create good-paying jobs. The Budget proposes a $64.4 million increase over the 2023 enacted budget to implement the American Innovation and Manufacturing Act to continue phasing out potent GHGs known as hydrofluorocarbons (HFCs). It also invests $7 million in wildfire smoke preparedness.
Advancing Environmental Justice. The Budget bolsters the Agency’s efforts to achieve environmental justice in communities across the Nation by investing nearly $1.8 billion across numerous programs in support of environmental justice efforts. This investment supports the implementation of the President’s Justice40 commitment, which ensures at least 40 percent of the benefits of Federal investments in climate and clean energy, as well as infrastructure work such as Superfund, Brownfields, and SRFs, reach disadvantaged communities, including rural and Tribal communities. Additionally, this Budget will support activities creating good-paying jobs, cleaning up pollution, advancing equity, and securing environmental justice for communities that often bear the brunt of toxic pollution and impacts of climate change. The Budget also includes $91 million for technical assistance to support capacity building for communities to advance equity and justice.
Upgrading Drinking Water and Wastewater Infrastructure and Replacing Lead Pipes Nationwide. The Budget provides more than $4 billion for water infrastructure, an increase of $1 billion over the 2023 enacted level. These resources foster water infrastructure upgrades, with a focus on underserved and rural communities that have historically been overlooked. The Budget funds all authorizations in the original Drinking Water and Wastewater Infrastructure Act of 2021 and maintains funding for EPA’s State Revolving Funds at the total 2023 enacted level, which complements funds provided for water infrastructure programs in the Bipartisan Infrastructure Law. The Budget also provides $219 million for two grant programs dedicated to reducing lead in drinking water and lead testing in schools (an increase of $163 million over the 2023 enacted level). It also funds other grants and loans to advance the goal of replacing all lead pipes. Ensuring Clean and Healthy Air for All Communities. The Budget allocates $1.4 billion to improve air quality and reduce localized pollution, reduce exposure to radiation, and improve indoor air for communities across the country. This includes $180 million to support the development and implementation of national emission standards to reduce air pollution from vehicles, engines and fuels. The Budget also supports $367 million to assist air pollution control agencies in the development, implementation, and evaluation of programs for the National Ambient Air Quality Standards (NAAQS) and to establish standards for reducing air toxics.
Protecting Communities from Hazardous Waste and Environmental Damage. The prevention and cleanup of harmful environmental damage that poses a risk to public health and safety continues to be a top priority for EPA. In addition to an estimated $2.5 billion in Superfund tax revenue that will be available to EPA in 2024, the Budget provides over $350 million for the Superfund program to continue cleaning up some of the Nation’s most contaminated land and respond to environmental emergencies and natural disasters. The Budget also provides over $215 million for EPA’s Brownfields program to provide technical assistance and grants to communities, including overburdened and underserved communities, so they can safely clean up and reuse contaminated properties, as well as $20 million for the Alaska Contaminated Lands program. These programs support the President’s Cancer Moonshot initiative by reducing human exposure to harmful contaminants that are correlated with an increased risk for cancer.
Ensuring Safety of Chemicals for People and the Environment. The Budget provides an investment of $130 million, $49 million more than the 2023 enacted level to build core capacity to implement the Toxic Substances Control Act (TSCA). Under TSCA, EPA has a responsibility to ensure the safety of chemicals in or entering commerce. In FY 2024, EPA will focus on evaluating, assessing, and managing risks from exposure to new and existing industrial chemicals to advance human health protection in our communities. Another priority is to implement FIFRA to ensure pesticides pose no unreasonable risks to human health and the environment.
Tackling Per- and Polyfluoroalkyl Substances (PFAS) Pollution. The Budget provides approximately $170 million to combat PFAS pollution. PFAS substances are a group of chemicals that threaten the health and safety of all communities. This request allows the EPA to continue working toward commitments made under EPA’s 2021 PFAS Strategic Roadmap, including: increasing our knowledge of PFAS impacts to human health and ecological effects, restricting use to prevent PFAS from entering the air, land, and water, and remediating PFAS that have been released into the environment.
Enforcing and Assuring Compliance with the Nation’s Environmental Laws. The Budget provides $246 million for civil enforcement efforts, crucial funding for enforcement in communities with high pollution exposure, and for preventing the illegal importation and use of climate super-pollutant HFCs in the United States. The Budget also includes: $165 million for compliance monitoring efforts, including funds to conduct inspections in underserved and overburdened communities, and funds to rebuild the agency’s inspector corps; and $75 million for criminal enforcement efforts, which includes funding to increase outreach to victims of environmental crimes and develop a specialized criminal enforcement task force to address environmental justice issues in partnership with the Department of Justice. Restoring Critical Capacity to Carry Out EPA’s Core Mission. To position the Agency with the workforce required to address emerging and ongoing challenges, the Budget added nearly 2,000 Full Time Equivalents (FTEs) relative to the current level, for a total of more than 17,000 FTEs, to help rebuild the Agency’s workforce. Developing staffing capacity across the Agency would enable EPA to better protect our Nation’s health, while also providing avenues to strengthen and advance diversity, equity, inclusion, and accessibility. Staffing resources would additionally fund a significant expansion of EPA’s paid student internship program to develop a pipeline of qualified staff.
The Budget makes these smart investments to address emerging and ongoing environmental challenges while creating good-paying jobs and improving our country’s long-term fiscal outlook.
Building on the President’s strong record of fiscal responsibility, the Budget more than fully pays for its investments — reducing deficits by nearly $3 trillion over the next decade by asking the wealthy and big corporations to pay their fair share.
The Budget Committee is holding a hearing on how the climate crisis is making insurance more expensive and harder to find.
Witnesses: