Biden, Democrats bet on long-term goals for short-term boost

  • President Joe Biden signs the "CHIPS and Science Act of 2022" during a ceremony on the South Lawn of the White House, Tuesday, Aug. 9, 2022, in Washington. (AP Photo/Evan Vucci)

  • President Joe Biden holds the "CHIPS and Science Act of 2022" after signing it during a ceremony on the South Lawn of the White House, Tuesday, Aug. 9, 2022, in Washington. (AP Photo/Evan Vucci)

WASHINGTON — President Joe Biden’s legislative victories have aimed to position the U.S. to “win the economic competition of the 21st century,” but his investments to boost the nation’s technology, infrastructure and climate resilience over the next decade are set against a 90-odd-day clock until the midterms.