The U.S. needs to address an ongoing shortage of semiconductors by investing in its chip “infrastructure,” President Joe Biden said during a virtual summit meeting with auto executives and other business leaders Monday afternoon.
“These chips, these wafers … batteries, broadband — it’s all infrastructure. We need to build the infrastructure of today and not repair the one of yesterday,” Biden said. “The plan I propose will protect our supply chain and revitalize American manufacturing.”
The event was called to address an immediate crisis that has impacted key industries, including consumer electronics, pharmaceuticals and auto manufacturing. Few sectors have been
Hunter Biden, the president’s son, said he expects to be exonerated after the U.S. Justice Department concludes an inquiry into his finances, in a wide-ranging interview that aired Sunday morning and also touched on his drug addiction and long-running personal troubles.
The son of President Joe Biden appeared on the “CBS Sunday Morning” news program to promote a new memoir, “Beautiful Things,” in which he talks about his addiction to crack cocaine, his recovery, and his relationship with his father.
He said in the interview that he is “cooperating completely” with a federal probe centered on his tax dealings. The
WASHINGTON — It’s been quite a journey for Jennifer Molina.
“I arrived without papers, we were poor,” said Molina, who immigrated with her family from Colombia. She now works at the White House as senior director of coalitions media, responsible for communications with media that focuses on specific communities such as Latinos.
“We didn’t have much and I think that as I grew up with so little, that helped me,” Molina said. “My mom was a single mom and I could really see the need for politics in people’s lives.”
Molina is one of four high-profile Latinas in the Biden
FOX Business’ Larry Kudlow discusses the Biden administration planning to increase taxes on the wealthy and its potential impact on the economy.
Small business owners have taken a hit from the coronavirus pandemic, and now some experts are concerned that they may see their tax obligations rise as a result of proposals expected from President Biden.
“Any small business that is currently teetering on the precipice of closing their business is going to be highly sensitive to any proposed tax increase,” Chelsie Kugler, Vice President of Business Development at finance and accounting firm CFOshare, told FOX Business.
President BidenJoe BidenThe Hill’s Morning Report – GOP pounces on Biden’s infrastructure plan Biden administration unveils network of community leaders to urge COVID-19 vaccinations Pompeo ‘regrets’ not making more progress with North Korea MORE on Tuesday signed legislation extending a loan program designed to help small businesses adversely impacted by the coronavirus pandemic.
The bill, passed in overwhelming bipartisan votes in the House and Senate earlier this month, extends the deadline for businesses to apply for assistance through the Paycheck Protection Program (PPP) by two months, from March 31 to May 31.
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