President Biden to sign CHIPs Act, says bill will bolster supply chain

8/9/2022 3:42:00 PM

President Joe Biden is scheduled to sign the CHIPs Act into law on Tuesday, providing $280 billion in funding to attract more chip manufacturers to the U.S.

President Joe Biden is scheduled to sign the CHIPs Act into law on Tuesday, providing $280 billion in funding to attract more chip manufacturers to the U.S.

President Joe Biden will sign the CHIPs Act into law Tuesday, saying that the legislation will 'strengthen American manufacturing, supply chains, and national security.'

President Joe Biden is scheduled to sign the CHIPs Act into law on Tuesday, providing $280 billion in funding to attract more chip manufacturers to the U.CNN correspondent Dana Bash advised Democrats to keep talking about passing the Inflation Reduction Act to help improve their chances in the midterms.(CNN)President Joe Biden was officially cleared to emerge from isolation Sunday after a second negative Covid-19 test, his physician announced.A week after her long-awaited return to Monaco after eight months of convalescing in South Africa, the princess has left the country again, according to her husband Prince Albert.

S.The bill includes incentives and grants for producers of microchips.After more than 15 hours of a marathon"vote-a-rama" session, Democrats passed the bill through a budget reconciliation process on a 50-50 Senate vote.The Congressional Budget Office projected the bill would add $80 billion to the federal deficit."Biden tested negative on an antigen test Saturday as well, but remained in isolation until Sunday morning before departing for Rehoboth Beach, Delaware.The bill passed by a 64-33 margin, with Sen.Throughout Monday’s shows, CNN anchors and correspondents praised the partisan vote as a win for Biden and potential indications of midterm success.Bernie Sanders joining 32 Republicans in opposition to the bill.

The bill then went to the House, where the entire Democratic majority and 24 Republicans approved the bill." CNN White House correspondent John Harwood spoke about the Inflation Reduction Act on Monday.There are currently no events on his public schedule for the weekend.“As Americans are worried about the state of the economy and the cost of living, the CHIPS bill is one answer: it will accelerate the manufacturing of semiconductors in America, lowering prices on everything from cars to dishwashers,” Biden said.“It also will create jobs – good-paying jobs right here in the United States." "Now, will it help them in the midterms? Sure, it will help them," he added.It will mean more resilient American supply chains, so we are never so reliant on foreign countries for the critical technologies that we need for American consumers and national security.The President and first lady Jill Biden are scheduled to travel on Monday to visit Kentucky after deadly floods in the eastern part of the state killed dozens of people and devastated the area.” The CHIPs Act was among several recent legislative victories for Biden.It has the potential for expanding the enthusiasm of young people on climate and older people on those Medicare provisions.

On Sunday, senators passed the Inflation Reduction Act.Democratic senators estimate that the legislation would reduce the federal deficit by $369 billion over the next 10 years by closing taxing loopholes, bolstering IRS enforcement and executing a minimum 15% corporate tax.Although"CNN Newsroom" host Pamela Brown agreed economists are"mixed" on the impact the bill will have on inflation, she fought back against insinuations that its passage was anything other than a win on Sunday.The five-day course of Paxlovid the President completed requires a doctor's prescription and is available via emergency use authorization from the US Food and Drug Administration for treatment of mild-to-moderate Covid-19 in people 12 and older who are at high risk of severe illness.In return, the legislation would supply $369 billion in spending to address climate change and an additional $64 billion to grow the Affordable Care Act.Report a typo."Well, Pamela, I don't know about that, and just to take a step back, you're reading off these giant numbers, trillions of dollars.

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President Biden to Survey Flood Damage in KentuckyPresident Joe Biden and first lady Jill Biden are planning to visit Kentucky on Monday to meet with families who have suffered from historic flooding.

President Biden, first lady survey Kentucky flood damageThe Bidens saw devastation from the storms in Breathitt County, stopping at the site of where a school bus, carried by floodwaters, crashed into partially collapsed building.