GOP Demands Speedy Energy Permits as Price to Boost Debt Limit
- McCarthy floats lowering energy costs in letter to Biden
- Biden has supported changes to boost renewable projects
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Republicans are floating legislation that would ease energy permitting in exchange for raising the US debt ceiling, creating a potential path to avoid a default.
The White House is still insisting on a bill that simply raises the debt ceiling without conditions. But an agreement on energy permitting could benefit projects ranging from pipelines and oil refining to renewable power projects, making a deal attractive to both parties.