Senate passes massive bipartisan bill to combat China's growing economic influence
CNN
The Senate passed rare bipartisan legislation on Tuesday aimed at countering China's growing influence by investing more than $200 billion in American technology, science and research.
Passage is a victory for Majority Leader Chuck Schumer, a New York Democrat who co-wrote and strongly backed the measure, and for President Joe Biden, who made reaching across the aisle a central promise of his governing strategy, although he has faced criticism for moving unilaterally on his largest agenda items to this point. The sweeping legislation -- called the US Innovation and Competition Act -- aims to confront China's influence on multiple fronts and "will supercharge American innovation and preserve our competitive edge for generations to come," Schumer said.More Related News
A CIA assessment circulated among US officials this week concluded that Israeli Prime Minister Benjamin Netanyahu likely judges he can get away without defining a post-war plan — even as the Biden administration has launched a full-court press to pressure him to bring an end to the conflict in Gaza.