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Fiscal Woes Could Delay Climate Change Efforts

Sen. Barbara Boxer, D-Calif., who chairs the Senate Environment and Public Works Committee, believes the upcoming elections, where Democrats are favored to win seats, could improve the odds in the Senate of passing a climate bill. (Lauren Victoria Burke / Associated Press)

The financial crisis and a deepening economic downturn are threatening to delay efforts to deal with another pressing global crisis: climate change.

Hopes for action had been running high since both Republican John McCain and Democrat Barack Obama had pledged to make cutting U.S. greenhouse gas emissions a top priority. But environmentalists now fear that the next president may be more focused on reviving a flatlining economy, and Congress could be wary of supporting any measures that might slow growth or raise energy prices for consumers.