Biden's Last-Minute Push to Secure His Major Achievements

With just days left in office, President Joe Biden is on a mission to safeguard his key policy wins. High on his to-do list is the CHIPS and Science Act, which has ramped up domestic production of memory chips. Economic experts warn that if incoming President Donald Trump decides to axe this program, it could lead to a whopping $1 trillion loss for the U. S. Biden is also keen to protect his significant investments in clean energy. The Department of Energy's loan program, which was previously targeted for cuts by Republicans, is another focus area. Republican lawmakers, now backing Trump, are pushing for a reversal of climate science programs. Under Trump's past administration, the Loan Programs Office lay dormant, but Biden has revived it. Now, ports across the nation are buzzing with clean-energy projects, thanks to billions in grants from the Environmental Protection Agency.

Biden is hustling to ensure funds from the manufacturing grants in the CHIPS Act are distributed. The administration has pledged up to $7. 9 billion to Intel and has $39 billion ready to be handed out by the Commerce Department. Some companies might grab these funds before Trump takes office. Some of Trump's advisors have criticized the speed of these grants. Vivek Ramaswamy, who Trump has assigned to lead the Department of Government Efficiency alongside Elon Musk, plans to review these contracts. Biden is set to give two major speeches in January to highlight his achievements. These talks will feature his foreign policy successes and his economic legacy, focusing on infrastructure, semiconductors, and climate projects.

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