In other news from Washington, the House could vote as early as today on a climate bill that would limit greenhouse gas emissions. The measure would cut emissions 17 percent below 2005 levels by 2020 and 83 percent by 2050. It would also impose a controversial cap-and-trade system that would ostensibly cancel out emissions. The bill’s proposed emission cuts were initially higher but were weakened to appease lawmakers backed by the energy industry. On Thursday, President Obama urged Congress to pass the bill.
President Obama: “Now I urge every member of Congress, Democrat and Republican, to come together to support this legislation. I can’t stress enough the importance of this vote. I know this is going to be a close vote, in part because of the misinformation that’s out there that suggests there is somehow a contradiction between investing in clean energy and our economic growth.”