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…
Author: Alex Gangitano
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…
Biden tells G-7 leaders US will support effort to train Ukrainian pilots on F-16s
President Biden on Friday told Group of Seven (G-7) leaders that the United States will support a joint effort to train Ukrainian pilots on F-16 fighter aircrafts, a senior administration official told The Hill. The U.S. is hopeful the training can begin in the “coming week,” the official said, and it will require months to…
Jill Biden at Hiroshima memorial museum: ‘We must teach this history’
First lady Jill Biden on Thursday visited the Hiroshima Peace Memorial Museum on the sidelines of the G7 summit in Japan, where she hailed the history of the site and highlighted that the world needs to learn from it and ensure democracy is chosen over autocracy. “We must teach this history, so that we can…
‘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…
‘A steadfast defender of women’s rights:’ Biden honors Pelosi at EMILY’s List gala
President Biden on Tuesday evening took an unplanned trip to the EMILY’s List gala in Washington, D.C., to honor former Speaker Nancy Pelosi (D-Calif.), who he praised as a defender of women’s rights. “Nancy Pelosi is going down in history as one of the most consequential speakers in American history,” Biden said at the event….
Biden administration to launch workforce hubs in Arizona, Georgia, Ohio, Maryland, Pennsylvania
The Biden administration is launching workforce hubs in the coming months in what it says is an effort to meet the demands for labor driven by infrastructure and manufacturing investments. The hubs will begin in a number of states that are also key 2024 battlegrounds, including Arizona, Georgia and Ohio. The hubs are aimed to…
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…
Biden trip to Japan won’t be interrupted by debt talks as deadline looms: White House
President Biden will leave as planned to Japan on Wednesday, despite questions swirling around whether he might postpone a weeklong international trip given the crunch time lawmakers and the White House are facing to come up with a deal to avoid a debt default. “We are still planning to leave, as scheduled, on Wednesday,” national…
Debt ceiling: Biden faces legal risks, financial peril with 14th Amendment
The unprecedented step of President Biden invoking the 14th Amendment to avoid a national default would likely lead to legal uncertainty hanging over the already-fragile financial system. Markets are concerned about a default, which could come as soon as June 1 if Biden and lawmakers can’t come to an agreement. But if Biden chose to…