Is the US debt ceiling stand-off compromising Biden’s green agenda?

As US president Joe Biden’s administration tussles to get agreement from the Republicans over raising the debt ceiling, some fear the price could be a trimming back of his climate ambitions.

The US administration is still hoping to strike a deal with its Republican opposition on raising the national debt ceiling ahead of a deadline that could come as soon as June 1 or risk the country defaulting on its debt. Such an event is unprecedented, and could spell chaos for financial markets.