Environmentalists, economists, and lawmakers are pushing federal budget planners to take a closer look at the cost of climate change.
Last week, former Treasury Secretary Robert Rubin penned an op-ed for The Washington Post imploring planners to take financial risks associated with global warming into account when making long-term cost projections.
This week, Senate Democrats are likely to take the same line during a Senate Budget Committee hearing titled "The Costs of Inaction: The Economic and Budgetary Consequences of Climate Change." Committee Chairman Patty Murray is expected to talk about the fiscal effects associated with a heating planet and talk about how that could affect the federal budget.
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