White House says laws spurred $1 trillion in investments

By Kelsey Brugger | 11/25/2024 01:28 PM EST

President Joe Biden is working to cement his legacy as Republicans threaten to undo major parts of it.

President Joe Biden.

President Joe Biden at the White House on Monday. Susan Walsh/AP

The administration’s industrial and clean energy agenda has led to $1 trillion in private-sector investments throughout the country, the White House said Monday, and promised to get more money out the door before President-elect Donald Trump takes office.

President Joe Biden declared in a statement that “from day one” his economic investments were “from the middle out and the bottom up” — pointing to the 2021 bipartisan infrastructure law, CHIPS and Science Act, and Inflation Reduction Act.

That’s led to more than 74,000 infrastructure and clean energy projects, including 11,400 bridge projects, 196,000 miles of roads under repair and 376,000 lead pipes already replaced.

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“These investments in industries of the future are ensuring the future is made in America, by American workers,” the White House said. “And they’re creating opportunities in communities too often left behind.”

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