chips

FILE - The inside of a computer is seen on Feb 23, 2019, in Jersey City, N.J. A global computer chip shortage has made it harder for consumers to get their hands on cars, computers and other modern-day necessities, so Congress is looking to boost chip manufacturing and research in the United States with billions of dollars from the federal government. (AP Photo/Jenny Kane, File)

House passes $280B CHIPS Act

The House passed the $280 billion CHIPS Act. All but one Democrat and a cohort of Republicans pushed the legislation through in a 243-to-187 vote on Thursday. House Speaker Nancy Pelosi praised the spending package while claiming it would put taxpayer money towards union jobs and lowering costs.