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Reason
Reason
Joe Lancaster

Biden Rushes To Dole Out CHIPS Act Funds Before Leaving Office

When a U.S. president faces the end of his term, there is often a mad dash to take care of any unfinished business. Sometimes he undertakes tasks at the last minute to avoid political blowback—for example, issuing controversial pardons—but it's typically just a matter of, lots to do and a waning amount of time in which to do it.

With just weeks left in his term, President Joe Biden's administration is hurrying to shovel as much cash out the door as possible before Donald Trump takes office in January. In the process, Biden is making a big bet on a failing company.

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