The climate crisis could cost the U.S. government $2 trillion each year – an annual federal revenue loss of 7.1% – by the end of the century, the White House said in an assessment published Monday. Beyond the annual $2 trillion cost, the Office of Management and Budget also found that the federal government could spend an additional $25 billion to $128 billion each year on coastal disaster relief, flood insurance, crop insurance, health care insurance, wildland fire suppression and flooding at federal facilities. The OMB's analysis comes on the heels of President Joe Biden's budget for the 2023 fiscal year, released last week. Biden's budget is set to invest a total of $44.9 billion "to tackle the climate crisis," an increase of $16.7 billion, or about 60%, over the 2021 fiscal year. Read more at the link in our bio.