Tag: billion
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Biden signs ‘once-in-a-generation’ $280 billion semiconductor bill into law
President Biden on Tuesday signed Congress’ $280 billion technology spending bill aimed at boosting domestic semiconductor manufacturing and spurring scientific research, lauding it as a “once-in-a-generation investment in America itself.” “America invented the semiconductor,” Mr. Biden said during a ceremony on the South Lawn of the White House. “And this law brings it back home.”…
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Joe Biden touts $280 billion semiconductor bill as proof of his administration’s clout
President Biden on Tuesday lauded the $280 billion technology spending bill aimed at boosting domestic semiconductor manufacturing and spurring scientific research as proof that his administration can get legislation across the finish line. The House gave final passage to the bill in a 243-187 vote last Thursday after the Senate passed the measure 64-33 earlier…
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Treasury Department says borrowing needs have increased by $262 billion
WASHINGTON — The Treasury Department is seeking to borrow $444 billion in the current quarter through September as the Federal Reserve tightens its portfolio. Figures released Monday by the department show that to be a $262 billion increase compared to estimates announced in May, a sign that the federal government will need to be more…
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Biden to travel to Michigan Tuesday to roadshow $52 billion semiconductor windfall
President Biden is expected to travel to Michigan on Tuesday to deliver remarks on Congress’ recent passage of its $280 billion technology spending bill aimed at boosting domestic semiconductor manufacturing and spurring scientific research in a key make-or-break legislative win for the administration. Mr. Biden plans to tout the positive impact that the $52 billion…
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Biden begs Congress to pass $52 billion semiconductor bill
President Biden on Monday pleaded with Congress to pass a $52 billion payout to semiconductor manufacturers as lawmakers face a make-or-break week to get the bill across the finish line. The White House has, for weeks, been in a full-court press to get the measure passed, urging lawmakers to shed a bevy of tough-on-China measures…
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Eastern Shipbuilding Group files protest in loss of $3 billion Coast Guard contract to Austal USA
The U.S. Coast Guard awarded a contract worth up to $3 billion to an Australian shipbuilding company’s U.S. branch to turn out up to 11 new offshore patrol cutters (OPC), intended to replace ships that are up to 50 years old. But officials from the Florida-based company building the first four cutters for the Coast…