Joe Biden

The law will allocate more than $50 billion to bring semiconductor chip manufacturing to the U.S. and away from its current production hub in East Asia.

The Inflation Reduction Act is a big win for the White House and the party, something that Democrats can talk about. "It gives you something to run on," says one Democratic strategist.

This was supposed to be a week where President Biden celebrated a series of legislative victories. But it was overtaken by news that FBI agents had searched the home of former President Donald Trump.

In a statement after the Senate passed the roughly $700 billion bill, the president said "doing the important thing almost always" requires compromises.

The president arrived in Rehoboth Beach, Del., where the first family has a home.

While midterms are typically a challenge for the party in power, two Democratic strategists say Biden's recent wins — and the threat of Republican control of Congress — could galvanize voters.

A day after the president's physician said Biden has tested positive for COVID-19 again, the doctor said Biden continues to feel well, despite testing positive on Sunday again.

President Xi Jinping warned against meddling in China's dealings with Taiwan during a phone call with his U.S. counterpart, Joe Biden, that gave no indication of progress on diplomatic relations.

The divisions over Taiwan come amid several challenges between the two superpowers: the Russian invasion of Ukraine, U.S. tariffs and Chinese aggression in the Pacific.

Some legal experts and environmentalists think such a declaration wouldn't have been that useful and would have exposed the president's climate agenda to further judicial and legislative scrutiny.