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EXPLAINED: 7 - The Real Truth

LOCALIZE IT: $1B from Biden admin for 21 economic projects

EDITORS/NEWS DIRECTORS:

The Independent UK

Biden administration awards $1 billion for economic projects

Commerce Secretary Gina Raimondo is announcing $1 billion worth of federal grants for manufacturing, clean energy, farming, biotech and other sectors

The Independent UK

Bumps, bipartisanship in long fight for semiconductor bill

President Joe Biden will soon be signing into law a major bill to revive the U.S. computer chip sector

The Independent UK

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Feds hope new website can prevent deaths from worsening heat

There's a new website that federal officials hope can help people and local governments beat the heat and keep it from getting deadly

The Independent UK

Top Texas Republicans, Biden administration look to grow the state’s semiconductor industry

As companies like Samsung and Texas Instruments expand their operations in the state, Gov. Greg Abbott and other state leaders are backing federal efforts to grow the industry.

The Texas Tribune

Biden presses Congress to pass $52bn semiconductor subsidies

WASHINGTON: President Joe Biden on Monday pushed Congress to pass a bill providing domestic semiconductor manufacturers with $52 billion in subsidies to cut reliance on foreign sourcing for the vital component.

Bangkok Post

Biden presses computer chips case in advance of Senate vote

Calling semiconductors “the building blocks for the modern economy,” President Joe Biden is asking Congress to move quickly and send him a bipartisan bill designed to boost the computer chips industry and high-tech research in the United States

The Independent UK

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Lawmakers press Commerce secretary over Big Tech ties

WASHINGTON — Two influential progressive lawmakers are raising concerns about what they say is excessive corporate influence at the Commerce Department, escalating a clash between the left wing of the Democratic Party and Commerce Secretary Gina Raimondo.

Tribune News Service

Schumer readies vote on scaled-back computer chips bill

A bill that would provide grants, tax credits and other incentives for computer chip manufacturing may soon see action in the Senate

The Independent UK

Biden administration wants Congress to "cleave off" CHIPS funding and pass standalone bill

Negotiations on a broader China competition bill have been frozen.

Axios

Dems stress national security as computer chips bill stalls

The Biden administration and Democrats are warning of dire consequences if Congress fails to act on computer chips legislation

The Independent UK

Commerce secretary: Let’s not be 'talking ourselves' into recession

Commerce Secretary Gina Raimondo on Sunday predicted slower economic growth as the country grapples with inflation but said that won’t necessarily mean a recession, which is marked by two straight quarters of negative economic growth.

Tribune News Service

Saudi Arabia, US Plan to Promote Promising Sectors

Saudi Minister of Commerce Majid al-Qasabi met with US Secretary of Commerce Gina Raimondo in Washington on Thursday to discuss advancing bilateral trade relations. Qasabi, who headed a delegation from the Kingdom, said the talks are part of both countries' keenness to increase coordination according to a joint action plan…

Asharq Al-Awsat

Labor unions warn Biden not to lift Trump's China tariffs — even to fight inflation

The issue has divided Biden's top advisers.

Axios

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Reason

Tariffs Are Adding to Inflation. Biden's Commerce Secretary Says Repealing Some 'May Make Sense.'

Tariffs imposed by President Donald Trump and kept in place by President Joe Biden are costing consumers $51 billion annually.

The Guardian - US

Biden commerce secretary shifts blame for inflation on to Russia’s war in Ukraine

Gina Raimondo’s comments seen as part of a White House push to deflect blame for nation’s economic troubles away from Biden

Asharq Al-Awsat

US Mulls Lifting Some China Tariffs to Fight Inflation

US Commerce Secretary Gina Raimondo said on Sunday that President Joe Biden has asked his team to look at the option of lifting some tariffs on China that were put into place by former President Donald Trump, to combat the current high inflation. "We are looking at it. In fact,…

The News Lens

US, Taiwan Launch New Trade Pact

Biden administration officials said the U.S.-Taiwan deal would boost bilateral digital and clean energy trade and that the two partners would open talks to further technology trade and investments.

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The Hindu

Explained | What is the Indo-Pacific Economic Framework for Prosperity?

The U.S.-led economic grouping of a dozen countries representing 40 per cent of the global GDP proposes to advance resilience, economic growth, competitiveness and fairness in member countries. However, some analysts view it as a move to counter China’s growing influence in the region.

The Guardian - UK

Davos day 3: WTO says food crisis could last two more years without Ukrainian safe corridors – as it happened

Rolling coverage of the day 3 of the World Economic Forum

Bangkok Post

US unveils Asia-Pacific trade framework with Thailand among starting list of members

TOKYO: US President Joe Biden launched a new Asia-Pacific trade initiative on Monday in Tokyo, with 13 countries including India and Japan signed up, although questions about the pact's effectiveness remain.

Chicago Sun-Times

Gov. Pritzker, Illinois delegation scrambling to grab federal dollars ‘owed’ due to census goof

The Census Bureau bungle deprives Republicans of a main attack line: blaming Pritzker and Democrats for Illinois population loss — since, it turns out, the population grew.

Bangkok Post

Biden to launch Indo-Pacific economic plan in next days in Japan

US President Joe Biden will launch a long-awaited economic initiative for increasing US involvement in Asia in the coming days during his trip to the region, according to one of the cabinet officials leading the initiative.

Daily Mirror

Russian troops 'using dishwashers and fridges parts to repair failing equipment'

Semiconductors, which were also known as computer chips, were the brains that operated most modern electronics - from appliances to fighter jets

The Independent UK

Biden administration to release $45B for nationwide internet

The Biden administration is taking the first steps to release $45 billion to ensure every U.S. resident has access to high-speed internet by roughly 2028

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