facebook
twitter
rss
account
search
search
 

U.S. budget woes may cripple energy

Feb. 20, 2013 at 8:38 AM   |   Comments

WASHINGTON, Feb. 20 (UPI) -- Pending cuts to the U.S. budget means some energy policies backed by Republicans may get eliminated, said U.S. Rep. Ed Markey, D-Mass.

U.S. President Barack Obama called on lawmakers Tuesday to pass a short-term measure to avert the $85 billion in automatic spending cuts known as sequester from going into effect March 1.

House Speaker John Boehner, R-Ohio, said the president "offered no credible plan" that could pass through Congress. Republican leaders oppose any budget measure that would increase taxes, instead supporting spending cuts.

Markey, ranking member of the House Natural Resources Committee, said Republican objections could put U.S. energy security at risk.

"Republicans should join with Democrats and stop the devastating sequester cuts that would mean reductions in oil and gas leasing and production, and make it harder to protect the environment," Markey said in a statement.

Markey said the U.S. Department of Interior, which controls parts of the nation's energy sector, faces an 8.2 percent cut in its budget by March 1.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Continental Resources declares win in Oklahoma basin Continental Resources declares win in Oklahoma basin
2
Maker of Camel cigarettes bans smoking in workplace Maker of Camel cigarettes bans smoking in workplace
3
U.S. oil exports at highest level since 1957 U.S. oil exports at highest level since 1957
4
Brazil, Argentina to strenghten aerospace cooperation; talk Gripen deal Brazil, Argentina to strenghten aerospace cooperation; talk Gripen deal
5
Sandia National Labs develops zoom military rifle scope Sandia National Labs develops zoom military rifle scope
Trending News
Around the Web
x
Feedback