Senate Passes Sweeping Bill to Help U.S. Compete With China
- Legislation aimed at aiding domestic manufacturing, technology
- Bill offers $52 billion in funding for semiconductor industry
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The Senate overwhelmingly passed an expansive bill to invest almost $250 billion in bolstering U.S. manufacturing and technology to meet the economic and strategic challenge from China.
The 68-32 vote on the legislation Tuesday was a rare spot of bipartisanship in an otherwise polarized Senate and a clear indicator of the concern in both political parties that the U.S. risks falling behind its biggest global competitor.