President Biden will visit an expanding North Carolina semiconductor manufacturer as he launches an extended effort to spotlight the impact legislation passed earlier in his administration is having on the U.S. economy.
— major legislation that the Democratic administration steered into law before Democrats lost control of the House.— it includes $2.6 trillion in new spending — his administration is looking for chances to lean into its battle with Republicans over spending priorities and who has better ideas to steward the U.S. economy in the years to come.
White House press secretary Karine Jean-Pierre said that Biden wants to demonstrate “what's at stake if MAGA Republicans in Congress get their way and repeal the Inflation Reduction Act, hike taxes on hardworking families and slash funding for manufacturing innovation and research.” Biden has said he intends to run for a second term but has yet to formally launch his reelection campaign.
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