Calling semiconductors “the building blocks for the modern economy," President Joe Biden on Monday asked 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 Senate was originally expected to take a critical vote in the evening to advance the legislation, but Senate Majority Leader Chuck Schumer, D-N.Y., announced that storms on the East Coast had disrupted travel plans for several senators and that he would be delaying the vote until Tuesday morning. The bill needs support from at least 60 senators to clear procedural hurdles and place it on a path to final passage later this week, giving Biden a signature win on legislation his administration says is necessary to protect national security and help the U.S. better compete with China.
