The Biden administration on Monday issued a statement saying it will veto a GOP-led bill aimed at bringing down energy costs by making it easier for energy companies to get permits for domestic drilling.
“This Administration is making unprecedented progress in protecting America’s energy security and reducing energy costs for Americans – in their homes and at the pump. H.R. 1 would do just the opposite, replacing pro-consumer policies with a thinly veiled license to pollute," the Office of Management and Budget said in a statement on Monday.
"It would raise costs for American families by repealing household energy rebates and rolling back historic investments to increase access to cost-lowering clean energy technologies,” it continued.
The agency also highlighted that oil and gas companies are already making record profits and should be investing that money into expanding production.
In response, House Majority Leader Steve Scalise of Louisiana criticized the administration's handling of energy issues.
“Voters gave House Republicans the majority to reverse this insanity and make energy affordable again, and that’s exactly what the Lower Energy Costs Act does,” he said. “We will pass the bill this week, and urge the Senate and President Biden to work with us to make America energy independent again and provide the much-needed relief that hardworking desperately need.”
Asa Hutchinson, who recently completed two terms as Arkansas governor, said Sunday he will seek the Republican presidential nomination, positioning himself as an alternative to Donald Trump just days after the former president was indicted by a grand jury in New York.
Prosecutors say Donald Trump conspired to undermine the 2016 election through a series of hush money payments designed to stifle claims that could be harmful to his candidacy.
He is expected to be joined in Florida by supporters as he tries to project an image of strength and defiance and turn the charges into a political asset to boost his 2024 presidential campaign.
Board members picked by Florida Gov. Ron DeSantis to oversee the governance of Walt Disney World said Wednesday that their Disney-controlled predecessors pulled a fast one on them by passing restrictive covenants that strip the new board of many of its powers.
The federal government has filed a lawsuit against railroad Norfolk Southern over environmental damage caused by a train derailment on the Ohio-Pennsylvania border that spilled hazardous chemicals.
The charges in the indictment, made by a Manhattan grand jury, center on payments made during the 2016 presidential campaign to silence claims of an extramarital sexual encounter.
