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House passes bill to boost U.S. chip production and China competition, sending it to Biden

House passes bill to boost U.S. chip production and China competition, sending it to Biden

US President Joe Biden reacts to a note given to him saying that the CHIPS-plus bill has passed the House during a meeting with CEOs about the economy in the South Court Auditorium of the Eisenhower Executive Office Building, next to the White House, in Washington, DC on July 28, 2022.

Mandel Ngan | AFP | Getty Images

The House on Thursday passed bipartisan legislation to boost U.S. competitiveness with China by allocating billions of dollars…


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Treasury Secretary Yellen said the U.S. economy was transitioning to ‘steady, sustainable’ growth.

Treasury Secretary Yellen said the U.S. economy was transitioning to ‘steady, sustainable’ growth.

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