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The House passed a bill aimed at boosting U.S. competitiveness with China

Speaker of the House Nancy Pelosi of Calif., says the America COMPETES Act meets the challenges of the 21st century.

The bill includes a number of provisions, such as $52 billion for chip manufacturing, $45 billion to improve supply chains for critical items, and $160 billion for scientific research and innovation.

(Image credit: Evan Vucci/AP)


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