EconomyEnergy

Trump’s Spending Plans Target Huge Programs That Favored U.S. Industries

President Trump’s administration has paused some Biden-era funding for semiconductor and renewable energy projects, creating uncertainty, but infrastructure spending under the Infrastructure Investment and Jobs Act largely continues. Construction firms like Vulcan Materials report steady funding for highways, water and airport upgrades, with $202 billion committed to more than 96,000 projects. While the outlook for clean energy and chip manufacturing is unclear, traditional infrastructure investment remains strong through at least 2026.

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