A Democratic Party-led Senate Budget Committee hearing Wednesday pressed on with the narrative that climate change is one of the leading causes of unaffordable homeowners insurance rates and canceled coverage.
Committee Chair Sen. Sheldon Whitehouse, D-R.I., took the narrative a step further to suggest that the climate-driven financial problems in the insurance industry are driving economic problems for the entire nation.
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Senate Majority Leader Chuck Schumer and Vermont Sen. Bernie Sanders, the chair of the Senate Budget Committee, announced a $3.5 trillion deal on their infrastructure reconciliation package late Tuesday.
The deal is the first step to beginning the reconciliation process, which Democrats hope will allow them to bypass a certain GOP filibuster and pass the plan on a party-line vote. The package includes an array of Democratic priorities that face near unanimous Republican opposition, including billions for child care, climate change and other forms of so-called human infrastructure, Schumer and Sanders said in a joint press conference Tuesday.
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