Biden White House has a lot on its economic plate before term ends

Jul 26, 2024
Lindsay Owens of the Groundwork Collaborative points to relief from junk fees and medical debt as well as policy fights around taxes.
President Joe Biden speaking in Chicago about his "Bidenomics" economic agenda.
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What happens to Biden’s industrial policy initiatives now?

Companies have made big investments in response to those policies. That’s not easy to roll back, says Heather Long of The Washington Post.
President Joe Biden visits the groundbreaking of a new Intel semiconductor plant in Johnstown, Ohio. It will take decades to see his industrial policies play out.
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New era of semiconductor manufacturing clashes with dated immigration laws

Jun 26, 2024
Much is being done to shore up U.S. production of semiconductors through the CHIPS and Science Act, which will require tens of thousands of workers. But many of the highly educated engineers taking those jobs face immigration restrictions, thanks to an increasingly overwhelmed and burdensome visa process.
For the 2025 fiscal year, the grant rate was less than 20%, according to a CATO Institute analysis of government data.
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The Golden Triangle: How the CHIPS Act is changing one Arizona neighborhood

May 29, 2024
The investment and growth spurred by government dollars are heightening competition among residents, business owners and local officials.
In the Phoenix area, development accelerated by CHIPS Act investment may disrupt rural lifestyles and transform parts of the desert. Above, developer Charles Eckert.
Maria Hollenhorst/Marketplace

Chip factory growth boughs to native plants in Phoenix

Here's the story of one business at the intersection of conservation and growth amid Phoenix’s semiconductor boom.
“What we have been able to do with developers is make them understand that not only is there an environmental advantage to saving the trees ... there's also a monetary advantage,” says Rob Kater, owner of Native Resources.
Maria Hollenhorst/Marketplace

$6.6 billion TSMC deal in Arizona the latest in the CHIPS Act's rollout

Apr 9, 2024
The CHIPS and Science Act was a 2022 law designed to restart the semiconductor industry in the U.S.
Recently announced funding for the TSMC, coupled with money the company is pledging to spend on expanding facilities in Arizona, represents a $65 billion investment altogether.
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With CHIPS Act money, the Biden administration bets an old plant can make new chips

Mar 26, 2024
A Vermont facility built in the 1950s is getting a shot at making semiconductors for smartphones and electric vehicles.
A 1950s-era facility built by IBM and now owned by GlobalFoundries is set to receive upgrades, funded partly by $125 million from the CHIPS Act.
Henry Epp/Marketplace

For public good, not for profit.

CHIPS Act to give Intel $8.5 billion in direct funding, plus loans

Mar 20, 2024
Biden's legislation aims to boost U.S. semiconductor manufacturing, reducing reliance on foreign chipmakers.
President Biden speaks Wednesday at an Intel facility in Chandler, Arizona. The funding will enable Intel to build new plants in four states and expand operations in others.
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Biden uses State of the Union speech to tout his economic track record

Mar 8, 2024
He cited job growth and cheaper drugs for seniors, among other things.
During the State of the Union address on Thursday, President Joe Biden touted the strong labor market the U.S. has seen under his presidency.
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FDR's New Deal transformed the economy. Could Biden do the same?

We look back at a moment in U.S. history when the federal government remade its relationship with the economy.
President Joe Biden sits in the Oval Office in November. Above the fireplace is a portrait of Franklin D. Roosevelt.
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