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Schumer-Manchin deal gives new life to climate legislation

An emerging Capitol Hill deal could give White House carbon-cutting goals a huge lift that looked all but impossible weeks ago.

Why it matters: President Biden's target under the Paris Agreement of cutting U.S. emissions 50% by 2030 could be within reach if Congress approves the new clean energy investments, analysts say — but it's not clear that it would have the votes to pass.


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