Debt Ceiling Deal Keeps Biden's Infra, Clean Energy Investments

The debt ceiling deal achieved one critical goal of President Biden's: Preserving the huge federal investments that are key to his economic strategy.

Photo Insert: Republicans failed to make significant cuts to Biden's signature programs, including the Inflation Reduction Act and the Infrastructure Act.

This was not hidden from Speaker Kevin McCarthy’s Republican colleagues as they groused over the failure of the GOP to secure deeper cuts and less funding for welfare programs, as Marcus Baram wrote for Capital & Main on June 3, 2023.

Republicans failed to make significant cuts to Biden's signature programs, including the Inflation Reduction Act and the Infrastructure Act.

These efforts are core elements of a new economic paradigm that is unleashing investments not seen since Lyndon Johnson's Great Society, Baram added.

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