Author: Alex Gangitano

Semiconductor manufacturer to invest $4B for new facility in California

Semiconductor manufacturing company Applied Materials will invest up to $4 billion in new research and a new facility in California for chipmaking, the White House announced Monday. Applied Materials will establish the EPIC Center for development with the goal to design the next generation of tools for semiconductor manufacturing, including in collaboration with leading chipmakers…

National security adviser: Biden ‘has expressed confidence’ at G7 that US won’t default

National security adviser Jake Sullivan said that while the debt limit talks have been a subject of interest at the Group of Seven (G-7) summit, President Biden has “expressed confidence” to world leaders in avoiding a default. “It is definitely a subject of interest,” Sullivan told reporters during a Saturday morning press conference in Japan. “Here at…

‘Stop, stop’: GOP bashes Biden for taking off during debt showdown

Republicans are blasting President Biden for leaving Washington for Asia on Wednesday without significant progress on debt limit negotiations, as the country inches toward a deadline on defaulting that could prove catastrophic on the financial system. Biden will be in Japan for this weekend’s Group of Seven (G-7) summit but has canceled the latter portion…

Biden says he’ll meet with McCarthy on Tuesday to talk debt ceiling

President Biden told reporters that he is meeting with Speaker Kevin McCarthy (R-Calif.) on Tuesday to resume talks about the debt limit and avoiding a default. Biden confirmed the meeting while leaving a family lunch in Philadelphia after attending his granddaughter’s graduation ceremony at the University of Pennsylvania. The White House has not yet officially…