Tag: Senate
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Dead heat in N.C. race that could swing control of the U.S. Senate
Control of the Senate may come down to the ultimate tossup state — North Carolina — where former judge Cheri Beasley and Republican Rep. Ted Budd are locked in an incredibly close race that’s been overshadowed by the mud-slinging and hand-wringing in other marquee matchups. Ms. Beasley, a Democrat, boasts an impressive resume as the…
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Senate investigation reveals China’s effort to infiltrate Federal Reserve
China is actively trying to recruit U.S.-based economists to feed information back to Chinese officials and has even managed to place cooperating sources inside America’s Federal Reserve banking system, according to a new Senate report Tuesday. One employee provided information on the Fed’s economic modeling to a Chinese university, while another, who had connections with…
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Long-stalled bill to boost U.S. microchip manufacturing heads for crucial Senate vote
Senate Democrats plan to forge ahead with a test vote Monday on long-stalled legislation intended to jolt the U.S. production of semiconductor chips that are vital for everything from automobiles to washing machines to military weapons systems. Known as “Chips-plus,” the bipartisan bill includes more than $50 billion over the next five years for chip…
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Taxpayer cash infusion for the semiconductor industry survives crucial test vote in Senate
A bill to boost the nation’s semiconductor business passed a key test vote Tuesday after the Biden administration and industry officials urged Congress to approve legislation that will help counter China’s emerging dominance in producing computer chips. Senate lawmakers voted to begin considering legislation that would provide subsidies and an investment tax credit to U.S.…