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How the Senate's CHIPS-plus bill ballooned by billions

Once Senate leaders opened the door to moving on a China competitiveness bill over the weekend, a bipartisan group of senators knew exactly what it had to do: use the slimmed-down package as a shell to stuff in as many priorities as possible.

Why it matters: The emerging legislation goes far beyond the narrow $52 billion bill to shore up domestic semiconductor manufacturing that even the Biden administration was willing to settle for this month.


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