Climate change costs rising, GOP split on funding burden
The article notes growing federal outlays from climate disasters and aging demographics, with White House estimates of up to 128 billion dollars yearly in future spending. Budget experts warn that incomplete figures miss effects on revenue and programs, while Congress remains divided over who pays. Biden has not pushed Congress to reconvene for emergency funding.
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Joe Biden
Washington
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Bipartisan Policy Center
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Sheldon Whitehouse
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Ali Zaidi
U.S
United States
Climate change pushes up federal disaster costs and debt
The piece notes FEMA has funds to respond to back to back hurricanes but warns climate driven disasters raise flood insurance, wildfire, health care and Social Security costs. It cites 2023 FEMA spending, rising National Flood Insurance costs, and GAO reports. It discusses GOP and Democratic reactions, infrastructure bills, and White House budget forecasts showing longer tail costs and debt risk from climate change.
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North Carolina
Federal Emergency Management Agency
FEMA
Congressional Research Service
W. Craig Fugate
Barack Obama
National Flood Insurance Program
National Forest Service
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