President Biden on Monday pleaded with Congress to pass a $52 billion payout to semiconductor manufacturers as lawmakers face a make-or-break week to get the bill across the finish line.
The White House has, for weeks, been in a full-court press to get the measure passed, urging lawmakers to shed a bevy of tough-on-China measures to get the broadly supported CHIPS Act to his desk before industry heavyweights take their money elsewhere.
“Congress must pass this bill as soon as possible,” Mr. Biden said Monday during a virtual roundtable with CEOs and cabinet leaders who spoke of the economic and national security imperative of getting the bill through.