On Sept. 6, the Department of Commerce announced a $50 billion plan focused on boosting U.S.-based manufacturing of semiconductor microchips entitled the CHIPS for America program.
Last Friday, August 12, the House passed the Inflation Reduction Act (IRA) sending the bill to President Joe Biden’s desk to be signed into law.
A survey of consumers released on Monday by the Federal Reserve Bank of New York found that expectations of inflation in the next few years has declined for the second month in a row.
President Joe Biden on Tuesday signed the CHIPS and Science Act, which will utilize $280 billion to increase American competitiveness in science and technology, especially against China.
Since the conservative majority in the United States Supreme Court overturned Roe v. Wade last month, President Biden stated that the court’s decision was not driven by the Constitution or the history of protecting women at the time when they were dying from unsafe abortions.