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Infrastructure Investment And Jobs Act

All articles tagged with #infrastructure investment and jobs act

technology2 years ago•5 min saved

Biden's EV Charger Plan Fails to Deliver a Single Charger

President Biden's $7.5 billion plan to build a nationwide electric vehicle (EV) charging network, as part of the Infrastructure Investment and Jobs Act, has yet to produce a single charger two years later. Only $101.5 million has been distributed for seven state awards, with just two projects underway. Critics argue that the lack of demand for EVs, technological shortcomings, and stringent federal requirements are hindering progress. However, proponents emphasize the need to accelerate the deployment of charging infrastructure to achieve Biden's goal of 50% electric car purchases by 2030.

via Fox News|

#biden #electric-vehicles #ev-chargers

economy2 years ago•2 min saved

Bidenomics Boosts GDP Growth, Morgan Stanley Profits Beat Expectations

Morgan Stanley has revised its estimates for US gross domestic product (GDP), crediting President Joe Biden's economic policies for driving a stronger-than-expected surge in the economy. The bank now projects 1.9% GDP growth for the first half of this year, nearly four times higher than its previous forecast. Biden's Infrastructure Investment and Jobs Act is driving a boom in large-scale infrastructure, while manufacturing construction has also shown broad strength. The revision comes at a pivotal time for the Biden administration, as the president has been touting his economic achievements and staking his 2024 reelection bid on strong economic growth. However, a recent CNBC poll found that only 37% of respondents approved of Biden's handling of the economy, highlighting ongoing challenges with high interest rates and inflation.

via CNBC|

#bidenomics #economy #gdp-growth