President Joe 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.
The White House says Biden while in North Carolina will highlight that his legislative efforts have spurred $435 billion in private-sector manufacturing commitments since he took office. That includes more than $200 billion in clean energy, electric vehicle and battery investments, more than $200 billion in semiconductors and about $15 billion in biomanufacturing investments, according to the White House.
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.”Besides Biden’s visit to Wolfspeed Inc.
Biden has said he intends to run for a second term but has yet to formally launch his reelection campaign. His administration’s effort to highlight legislative victories could also give him an opportunity to present voters with images of an administration focused on governing as the Republican 2024 frontrunner, former President Donald Trump, braces forTrump is being investigated over payments during his 2016 campaign to two women who alleged affairs or sexual encounters with him. The ex-president denies being involved with either of the women — porn actor Stormy Daniels and model Karen McDougal.
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