Congress OKs bill to aid computer chip firms, counter China
The House on Thursday passed a $280 billion package to boost the semiconductor industry and scientific research in a bid to create more high-tech jobs in the United States and help it better compete with international rivals, namely China.
Biden calls deal with Manchin ‘godsend’ for US families
President Joe Biden declared his support Thursday for the “historic” inflation-fighting agreement struck by Senate Majority Leader Chuck Schumer and holdout Democratic Sen. Joe Manchin, an expansive health care and climate change package that had eluded the White House and seemed all but lost.
US not yet in recession and 4 other takeaways from the Fed
Jerome Powell delivered a tough message at the start of a news conference Wednesday: Inflation is way too high, and the Federal Reserve is laser-focused on taming it with higher borrowing costs.
US economy sending mixed signals: Here’s what it all means
The U.S. economy is caught in an awkward, painful place. A confusing one, too. Growth appears to be sputtering, home sales are tumbling and economists warn of a potential recession ahead. But consumers are still spending, businesses keep posting profits and the economy keeps adding hundreds of thousands of jobs each month.
US to plant 1 billion trees as climate change kills forests
The Biden administration on Monday said the government will plant more than one billion trees across millions of acres of burned and dead woodlands in the U.S. West, as officials struggle to counter the increasing toll on the nation’s forests from wildfires, insects and other manifestations of climate change.
