💨 Abstract

The Senate approved a Republican budget bill, passing 51-50 with Vice President JD Vance resolving the tie. The bill ends tax credits for renewable energy earlier than planned, threatens ongoing solar and wind projects, and supports fossil fuel production. Democrats opposed the bill, seeing it as devastating for renewable energy and harmful to sustainability efforts, arguing it would increase utility bills and damage the electric grid. Republicans and the oil industry praised it for fostering energy dominance and investing in traditional energy sources.

Courtesy: WTOP Staff