House takes first stab at Obama's latest climate policy

House Republicans on Wednesday took their first formal look at the White House’s latest attempt to limit carbon pollution, which Republicans say will raise costs on everything from major energy projects to small business construction.

Rep. Rob Bishop, R-Utah, chairman of the House Natural Resources Committee, held a hearing with the head of the White House’s Council on Environmental Quality on Wednesday, to probe what a new guidance on greenhouse gas emissions from the White House will mean for jobs, consumers and development.