White House cheers Inflation Reduction Act anniversary despite recession fears and high prices

The White House is celebrating two years since the passage of the CHIPS and Science Act and Inflation Reduction Act, two major pieces of President Joe Biden‘s economic legacy, despite economic uncertainty across the globe.

White House officials, including deputy chief of staff Natalie Quillian, Domestic Policy Council Director Neera Tanden, and senior climate adviser John Podesta, briefed reporters on updates regarding the two bills on Wednesday, calling them “a critical part of” Biden’s “investing in America agenda.”