President Biden

The Biden administration has reached an agreement to provide Intel with up to $8.5 billion in direct funding and $11 billion in loans for computer chip plants in Arizona, Ohio, New Mexico and Oregon.President Joe Biden plans to talk up the investment on Wednesday as he visits Intel’s campus in Chandler, Arizona, which could be a decisive swing state in November’s election. He has often said that not enough voters know about his economic policies and suggested that more would support him if they did know.Commerce Secretary…

Last week, President Joe Biden released his long-awaited Executive Order that establishes “eight guiding principles and priorities” to govern the development and use of AI. The document follows the European Union’s lead and is based on feedback by leading experts and governments around the world. It is an attempt to define basic guardrails to AI’s largely unfettered rise, as global spending on AI is expected to top $150 billion this year alone. Biden’s Order is deceptively sweeping and certainly provides fodder to…

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U.S. President Joe Biden has pledged to spend $42 billion to bring high-speed broadband to every U.S. household over the next seven years. Speaking at the White House on Monday, Biden said his administration is making a “historic investment to connect everyone in America to affordable high-speed internet by 2030.” The funding has been made possible by the Broadband Equity Access and Deployment (BEAD) program as part of the $1.2 trillion Bipartisan Infrastructure Law that came into force two years ago. Speaking at…

Negotiations have hit an impasse, with frustrations boiling over on both sides as the deadline for avoiding a first-ever default approaches. Negotiations have hit an impasse, with frustrations boiling over on both sides as the deadline for avoiding a first-ever default approaches. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks…

President Biden’s pick for the Federal Reserve’s board has focused on the labor market and social policy. President Biden’s pick for the Federal Reserve’s board has focused on the labor market and social policy. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you…

WASHINGTON—Treasury Secretary Janet Yellen said the U.S. government could become unable to pay all of its bills on time as soon as June 1 if Congress doesn’t first raise the debt limit. The new forecast released Monday gives Republicans and Democrats a matter of weeks to reach an agreement on raising the nation’s roughly $31.4 trillion borrowing limit.  WASHINGTON—Treasury Secretary Janet Yellen said the U.S. government could become unable to pay all of its bills on time as soon as June…

The widely popular social media app TikTok has hired its own consulting firm, SKDK, as it comes under new scrutiny from lawmakers worried it is a security threat, according to a report in Politico. SKDK was hired to provide its support to TikTok as lawmakers push bipartisan legislation that could ban or restrict the app. The firm’s ties to the Biden administration are notable. Anita Dunn, one of the firm’s founders, is a senior adviser to President Biden. Several other officials in the administration have…

WASHINGTON— President Biden on Wednesday highlighted steps his administration is taking to restrict fees imposed on consumers across the economy, from travel to banking, in remarks that come about two weeks ahead of the midterm elections. Mr. Biden, speaking from the White House complex, said the measures are aimed at giving consumers more financial breathing room, by reducing fees tied to concert tickets, hotel resorts, airfare and cable companies.…

WASHINGTON—The Biden administration is planning to sell more oil from the country’s strategic reserves—and is considering authorizing new sales this winter—as it tries to head off the potential for more market shocks and high prices, according to senior administration officials. Central to his address will be an announcement that the Energy Department will go ahead and sell the last roughly 15 million of 180 million barrels from the U.S. Strategic Petroleum Reserve he had authorized for sale back in March, the officials…