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A few days ago, the Biden administration released a report warning that a warming planet posed severe economic challenges for the United States, which would require the federal government to reassess its spending priorities and how it influences behavior.

White House reporter Jim Tankersley explains why getting the government to encourage the right decisions will be so difficult.

On today’s episode

Background reading

• A chapter in the new Economic Report of the President focuses on the growing risks to people and businesses from rising temperatures.

• In theory, funding the government takes place in two major stages. But it’s a fraught and complicated process; here’s a step-by-step guide.

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We aim to make transcripts available the next workday after an episode’s publication. You can find them at the top of the page.

Jim Tankersley contributed reporting.

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