The White House is now reportedly a rush to secure President Biden’s most important policy objectives, allocating billions of dollars to protect preferred initiatives prior to the inauguration of President-elect Donald Trump in January.
Biden intends to pursue a comprehensive list of objectives, such as the financing of weapons for Ukraine, the promotion of stability in Gaza, and the confirmation of approximately twelve federal judges, with less than two months remaining in his term.
The judicial confirmations could bring him in close proximity to the 234 accomplishments that Trump achieved during his first term.
A $400 billion clean-energy financing program within the Energy Department may be one of the most aggressive actions of the Biden administration.
By granting the Loan Programs Office additional funds to lend to clean-energy businesses, the 2022 Inflation Reduction Act turbocharged its operations.
Officials from the Biden administration are concerned that a Trump administration may cease to provide loans from the program, which was mainly inactive during Trump’s first term.
The administration is also committed to safeguarding clean-energy initiatives at ports throughout the United States. In October, the Environmental Protection Agency granted nearly $3 billion to numerous ports for the purpose of investing in new solar arrays, decarbonized vehicles, and other environmentally friendly equipment.
To legally obligate the government to make the payments, the agency aims to finalize the majority of the awards by the end of 2024.
Additionally, U.S. officials are rushing to distribute billions of dollars in manufacturing grants to Intel and other entities in order to finalize a substantial portion of the 2022 Chips Act and revitalize U.S. chip production prior to Biden’s departure.
The majority of the $39 billion in grant money allocated under the act has been provisionally awarded by the Commerce Department. This week, the Biden administration announced that it would provide Intel with up to $7.9 billion in funding to assist in the construction of new chip plants in four states. This is the highest award ever given under the program.
Some agreements are still in limbo, as billions of dollars are still embroiled in intricate government negotiations.
According to sources with knowledge of the situation, the White House is striving to allocate the majority of these funds prior to the Trump administration’s assumption of office.
The rapidity with which the grants are being awarded has been the subject of criticism by Trump advisers.
This week, Vivek Ramaswamy, a biotech entrepreneur who has been appointed by President Trump to head the Department of Government Efficiency alongside Tesla CEO Elon Musk, stated on X that the contracts will be reviewed by an external advisory group.
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