US$52bil bipartisan deal to subsidize US semiconductor manufacturing?

Pelosi (pic) and Schumer issued a statement urging swift action and said they believed there was no reason the bill should not go through Congress in July.

WASHINGTON: U.S. Democrats said on Tuesday they were hopeful of reaching a $52 billion bipartisan deal to subsidize U.S. semiconductor manufacturing and boost U.S. competitiveness with Chinese technology.

House Speaker Nancy Pelosi, Senate Majority Leader Chuck Schumer, both Democrats, met with House Republican Leader Kevin McCarthy and Senate Republican Leader Mitch McConnell to try to hammer out a compromise but did not announce an agreement.