Exclusive: White House says Biden agenda sparked $1 trillion in economic investment

• Trump might like the economic activity spurred by such projects, but he has threatened to roll back the laws passed under Biden that incentivized and funded them.

What they're saying: A White House memo announcing the $1 trillion milestone — first seen by Axios — does not name Trump. But it hints at the uncertain fate of unspent funds allocated by Biden-era legislation, including the Inflation Reduction Act.

• "The progress we've made ... represents only a fraction of the full impact of this agenda," White House deputy chief of staff Natalie Quillian writes in the memo.
• "If future Administrations continue to implement at the pace we have, people across the country will enjoy the benefits of safer water, cleaner air, faster internet, and smoother commutes."

"These investments in industries of the future are ensuring the future is made in America, by American workers," according to a statement to be released by President Biden.

The intrigue: The huge sums of private-sector money pouring into the economy — and the popularity of the legislation's tax credits and more — might make it less appealing to roll back at least one key aspect of Biden's agenda.

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