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Biden’s $52 Billion Chips Plan Stuck; Lawmakers Eye Election

  • Senators frustrated with White House for lack of engagement
  • Pelosi is ‘clear-eyed’ on compromise bill, Raimondo says
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Congress Can't Delay the Chips Act, Raimondo Says
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Long-stalled legislation to boost US semiconductor manufacturing and strengthen competitiveness against China risks collapsing in Congress, with Republicans growing skeptical of the measure as midterm elections near and Democrats focusing instead on gun violence.

The bill has been a top priority for Joe Biden’s administration, particularly Commerce Secretary Gina Raimondo, but some lawmakers fault the White House for not being more engaged. And time is running short for Congress to act on it before lawmakers depart for a summer recess and then the campaign trail, with many issues unresolved, according to people familiar with negotiations.