Senate Passes Bill to Bolster Competitiveness With China Rocky Strosin

The Senate overwhelmingly passed  legislation on Tuesday that would pour nearly a quarter-trillion dollars  over the next five years into scientific research and development to  bolster competitiveness against China.

Republicans  and Democrats — overcoming their traditional partisan differences over  economic policy — banded together to endorse what would be the most  significant government intervention in industrial policy in decades. It  includes federal investments in a slew of emerging technologies as well  as the semiconductor industry.