"Converted to non-condensing by 2029" is definitely NOT what the story says. Quite the opposite.
And Drudge's headline is also false:
Biden plans for all to pay $350 to upgrade to 'energy efficient' furnaces...
$350 is how much more the more efficient condensing furnaces cost. You just won't be able to buy the old non-condensing variety after 2029.
The Biden rule isn't going to force anyone to pay anything unless they elect to buy a new furnace after 2029, in which case you'll be able to get only the more expensive, more efficient type.
I bought one way back in 2008, with a DC motor for the blower which is where the real savings come from: On the electricity used to move the heated air.
Too bad the story never mentions it.