President Biden Signs $280 Billion Bipartisan Bill in an Effort to Boost U.S. Competitiveness Over China
President Joe Biden’s legislative victories have aimed to position the U.S. to “win the economic competition of the 21st century,” but his investments to boost the nation’s technology, infrastructure and climate resilience over the next decade are set against a 90-odd-day clock until the midterms.
From turbocharging the U.S. computer chip sector to shifting the nation to a greener economy, the achievements from Biden will take years to come to fruition — reflecting the sheer scope of his ambitions that, taken together, put Biden among the most legislatively productive presidents in recent memory.
Yet Democrats are also gambling that the rapid clip of recent accomplishments will persuade an electorate that’s downcast about the economy and the general direction of the country to vote nonetheless in their party’s favor. Particularly critical, they say, is being able to illustrate to voters what Democrats can accomplish when they hold the levers of power in Washington, even if energy bills don’t decline right away or a new bridge takes years to be completed.
