President Biden signs CHIPS Act to boost semiconductor production The measure sets aside $52 billion for domestic chipmakers. I. Bonifacic @igorbonifacic Elizabeth Frantz / reuters Following successful votes in the Senate and House of Representatives, President Joe Biden has signed the CHIPS and Science Act into law. The $280 billion measure will provide significant … Continue reading Biden administration reveals details of its $50 billion chip investment plan
By Sam Becker August 24, 2022 President Biden has made good on a campaign promise, and one that millions of student borrowers have been waiting on: canceling student debt. Biden announced the plan today, tweeting, “In keeping with my campaign promise, my Administration is announcing a plan to give working and middle class families … Continue reading Biden student loan forgiveness plan: What it covers and how to tell if you qualify
By Clint Rainey July 13, 2022 Inflation surged to 9.1% in June, a new 40-year high that has policymakers racing to rein that number in without triggering a recession. Meanwhile, President Biden and the White House are trying to downplay the drama as less bad than it sounds, so everybody, please, just chill. Released … Continue reading ‘Highly elevated’ June inflation numbers put Biden on the defense
By Marcus Baram May 14, 2022 After decades of decline in overtime pay, the Biden administration is considering action to sharply expand access in a time of high inflation. This is the second article of a four-part series examining the 40-year effort by big business and elected officials to deny Americans extra pay for … Continue reading Other presidents have tried and failed to expand overtime pay. Can Biden succeed?
