04 Aug '11, 9am

Massive Energy and Environment Fallout Expected from U.S. Debt Deal

Massive Energy and Environment Fallout Expected from U.S. Debt Deal

President Obama signs the debt deal into law When President Obama signed into law a compromise plan to increase the $14. 3 trillion U.S. debt ceiling this week, he authorized nearly $2.5 trillion in cuts over the next decade. This massive budget reduction means numerous government agencies and funding programs are the chopping block, but what will it mean for energy and environment funding? energyNOW! interviewed National Journal reporter Coral Davenport to discuss the new reality of environmental and energy-related cuts. Click on the video below for the full interview. The first round of cuts requires a $917 billion reduction in government spending, and while there are no guarantees on which agencies will be cut, energy and environmental programs will likely be the first to have their funding reduced, especially on issues that have been controversial this year. “What lawm...

Full article: http://cleantechnica.com/2011/08/04/massive-energy-and-en...

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