Dozens of state and local budgets depend heavily on tax revenue from oil, gas and coal to fund schools, hospitals and more. Replacing that money is turning out to be a major challenge in the fight against climate change.
Tag: United States Economy
Your Friday Briefing: A Major U.S. Climate Ruling
Plus Xi Jinping visits Hong Kong and Ukraine takes back Snake Island.
Missing From Biden’s Europe Trip: An Endgame for War and Cheaper Gas
The G7 and NATO meetings this week underscored the pressure on Western leaders caused by soaring energy costs resulting from Russia’s invasion of Ukraine.
U.S.-Led Alliance Face Frustration Over Russia Sanctions
Vladimir V. Putin is making gains in his war on Ukraine while the United States and its allies struggle with soaring energy prices and inflation.
Republican Drive to Tilt Courts Against Climate Action Reaches a Crucial Moment
A Supreme Court environmental case being decided this month is the product of a coordinated, multiyear strategy by Republican attorneys general and conservative allies.
Your Thursday Briefing: $1 Billion to Ukraine
Plus the Fed raised interest rates and a video of an assault in China went viral.
Inflation and Price Gouging
We look at whether “greedflation” is causing higher prices.
Stocks edge lower as Fed decision looms over markets.
The S&P 500 closed in bear market territory on Monday, down 22 percent from its Jan 3. peak.
The Global Minimum Tax Deal Is in Trouble
A global agreement to increase taxes on corporations is in jeopardy.
The Jack Welch Effect
His ruthlessness as General Electric’s C.E.O. was ultimately bad for the company, a new book argues.