U.S. Senate passes bill to address China tech threat
Video Credit: Reuters - Politics - Duration: 02:03s - Published
U.S. Senate passes bill to address China tech threat
The U.S. Senate voted 68-32 on Tuesday to approve a sweeping package of legislation intended to boost the country's ability to compete with Chinese technology.
The U.S. Senate has passed a bill aimed at boosting the country's ability to compete with Chinese technology.
The Senate voted on Tuesday 68 to 32 to pass the sweeping new legislation which authorises spending around $190 billion to strengthen U.S. technology and research.
The desire to take a hardline approach to Beijing is one of the few issues which unites the deeply divided U.S. congress.
Senate Majority Leader Chuck Schumer was a co-sponsor of the legislation.
"Around the globe authoritarian governments believe that squabbling democracies like ours can't unite around national priorities.
They believe that democracy itself is a relic of the past, and by beating us to emerging technologies they, many of them autocracies, will be able to research, reshape the the world in their own image.
Well let me tell you something.
I believe they are wrong." The legislation is both about investing in U.S. companies and confronting China's influence.
It includes spending $54 billion to increase U.S. production and research into semiconductors and telecommunications equipment.
That covers billions of dollars worth of spending on chips used by automakers.
There are also measures aimed at curbing China's own tech sector, including a provision banning federal employees from downloading the social media app TikTok on their government devices.
In addition to this, the bill bans the purchase of drones manufactured and sold by companies backed by the Chinese government.
The wide-ranging legislation aims to counter Beijing's influence on the global stage by working with allies and increasing U.S. involvement in international organizations.
U.S. President Joe Biden has thrown his weight behind the legislation, saying: "We are in a competition to win the 21st century, and the starting gun has gone off ... We cannot risk falling behind." The bill must now pass the House of Representatives before it can be sent to the White House for Biden to sign into law.
Senate Passes $95 Billion , Foreign Aid Package.
On April 23, the U.S. Senate voted
79-18 to approve foreign aid for Ukraine,
Israel and Taiwan, 'The Guardian' reports. .
Today the Senate sends a unified
message to the entire world:
America will always defend
democracy in its hour of need, Senate Majority Leader Chuck Schumer, via statement.
Make no mistake, America will deliver
on its promise to act like a leader on the
world stage, to hold the line against
autocratic thugs like Vladimir Putin. , Senate Majority Leader Chuck Schumer, via statement.
The package includes $60.8 billion for Ukraine,
$26.3 billion for Israel and $8.1 billion for Taiwan.
The package includes $60.8 billion for Ukraine,
$26.3 billion for Israel and $8.1 billion for Taiwan.
The package includes $60.8 billion for Ukraine,
$26.3 billion for Israel and $8.1 billion for Taiwan.
A provision to ban TikTok
after the election if ByteDance refuses
to sell the platform is also included.
The legislation will now head to President Biden, who told Ukrainian President Volodymyr Zelensky on
April 23 that he will "move quickly" to provide aid.
Senate Majority Leader Chuck Schumer praised House Speaker Mike Johnson, .
Senate Majority Leader Chuck Schumer praised House Speaker Mike Johnson, .
with whom he worked "hand in hand and shoulder to shoulder to get this bill done.".
A lot of people inside and
outside the Congress wanted this
package to fail. But today those in
Congress who stand on the side of
democracy are winning the day, Senate Majority Leader Chuck Schumer, via statement.
Senate Republican Leader Mitch McConnell also issued a statement.
Today’s action is overdue, but our work
does not end here. Trust in American
resolve is not rebuilt overnight. Expanding
and restocking the arsenal of democracy
doesn’t just happen by magic, Senate Majority Republican Leader Mitch McConnell, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
The Senate passed a bill compelling ByteDance to sell TikTok in the US within a year or face a ban, garnering strong bipartisan support. TikTok vows to contest it in court, citing First Amendment violations. Concerns linger about data privacy and censorship linked to China, amid ongoing political scrutiny of the platform.
#tiktokbanusa #tiktokbanusa2024 #tiktokbanushouse #tiktokbanusreaction #tiktokbaninusalive #tiktokbaninusa#tiktokbaninusalatestnews #tiktokbaninussenate #JoeBiden #TikToknews #Worldnews #news #Oneinda #Oneindia news
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The possibility of a ban on TikTok in the US has moved a step closer after the Senate agreed a landmark bill to force its China-based parent company into selling.. Sky News
The Senate has passed $95bn (£76.2bn) in war aid to Ukraine, Israel and Taiwan after months of delays and rows - with Joe Biden set to sign the legislation.. Sky News
Ukrainian President Volodymyr Zelenskyy and other European leaders have applauded the US for passing a vital €89 billion aid bill which has been struggling to make it through the House of Representatives for months.
Credit: euronews (in English) Duration: 01:00Published
Catch up on the latest news as the US House of Representatives approves a $95 billion aid package for Ukraine and Israel. Learn more about the details and implications of this significant decision.
#USNews #USA #USBill #USHouse #USAidPackage #USAidBill #USUkraineRelations #USIsraelRelations #USTaiwanRelations #IsraelIranConflict #RussiaUkraineWar #ChinaTaiwanTensions #JoeBiden #Oneindia
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TikTok could be banned in the US if the social media app's Chinese owner doesn't sell its stake after the House of Representatives voted in support of the.. Sky News
This Day in History: , The United States Officially Enters World War I.
April 6, 1917.
War against Germany was
declared in both the Senate and
House of Representatives by votes
of 82-6 and 373-50, respectively.
President Woodrow Wilson had called for
the declaration of war four days earlier.
The U.S. had been preparing for
war since the passage of a $250 million arms
appropriations bill in Feb.
Though initially against joining the war in Europe,
American public opinion shifted as German
attacks on ocean liners escalated.
The first U.S. troops landed
in France in late June.
The arrival of fresh and well-supplied
forces proved to be a turning point in
the war after four years of bloody combat
Credit: Wibbitz Top Stories Duration: 00:51Published
Biden Is Giving $6 Billion , to Micron Technology , for Semiconductor Production.
On April 25, President Biden will travel to Syracuse, NY, to announce over $6 billion in federal grants that his administration is awarding to Micron Technology, NPR reports. .
Senate Majority Leader Chuck Schumer, who was heavily involved in enacting the CHIPS and Science Act, issued a statement about the investment. .
This is the federal government taking back the reins, putting money where its mouth is when we say we want the future of tech to be stamped: 'Made in America.', Senate Majority Leader Chuck Schumer, via statement.
Micron will invest $100 billion of the funds to construct a manufacturing facility in Syracuse.
Schumer referred to the plan as "quite a
great return" on the government's investment.
A factory will also be built in
Boise, Idaho, NPR reports. .
That facility is expected to be ready for production by 2026, while two New York factories will likely be ready by 2028 and 2029.
The White House estimates that
the projects could create 20,000 jobs
in construction and manufacturing.
in addition to "tens of thousands of
indirect jobs in the regions," NPR reports. .
The CHIPS and Science Act has also provided funding for Intel, TSMC and Samsung
Credit: Wibbitz Top Stories Duration: 01:30Published
President Biden supports Senator Schumer's call for new elections in Israel amid strained relations over the Gaza conflict. Schumer's criticism of PM Netanyahu's leadership reverberates in both nations. Biden's measured response reflects frustration with Netanyahu's hindrance of humanitarian efforts. Tensions rise over Israeli military operations in Rafah. The U.S. seeks a clear plan to protect civilians while facilitating ceasefire talks.
#Israel #Gaza #IsraelGazawar #Schumer #SenatorSchumer #PMNetanyahu #Rafah #Netanyahu #Oneindia #Oneindianews
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Kim Kardashian went back to the White House to advocate for criminal justice reform -- only here, it was with Biden's camp ... proving she's loyal to the cause,.. TMZ.com
President Biden signs historic legislation securing billions in US aid for Ukraine and Israel, reaffirming America's commitment to global security. Despite criticisms over human rights abuses in Gaza, Biden emphasizes the 'ironclad' nature of US support for Israel's defense. Stay informed with the latest developments on international affairs.
#JoeBiden #Israel #Gaza #IsraelHamasWar #IsraelPalestine #IsraelPalestineWar #USPresident #USNews #USAidBill #RussiaUkraineWar #Oneindia
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President Biden had yet another teleprompter gaffe while speaking at a conference Wednesday ... and it's not the first time the prez fumbled a speech, far from.. TMZ.com
As China strengthens trade and military ties with Russia amidst Western sanctions, NATO issues a stern warning, urging Beijing to halt its support for Russia's actions in Ukraine if it desires positive relations with the West. Explore the implications of this diplomatic standoff and the escalating tensions in this crucial geopolitical landscape.
#RussiaUkraineWar #RussiaChinaRelations #ChinaRussia #RussianStrikes #UkrainianStrikes #RussiaAttacksUkraine #UkraineAttacksRussia #FrontlineRegions #Oneindia
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Go behind closed doors as Kim Kardashian joins Vice President Kamala Harris at the White House for a crucial roundtable discussion on criminal justice reform. Witness their collaborative efforts and passionate advocacy for second chances and meaningful change.
#KimKardashian #KamalaHarris #WhiteHouse #WhiteHouseRoundTable #JoeBiden #TheKardashians #VPKamalaHarris #Oneindia
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FTC to Decide , Whether Noncompete Agreements , Should Be Banned.
After receiving over 26,000 public comments about the issue, the Federal Trade Commission is set to deliver its verdict on April 30, NPR reports. .
The commission said that if approved, the
final rule "would generally prevent most
employers from using noncompete clauses.".
The commission said that if approved, the
final rule "would generally prevent most
employers from using noncompete clauses.".
Approximately one in five Americans, spanning minimum wage workers to CEOs, are subject to noncompete agreements, the FTC estimates. .
The Biden administration says that these types of agreements hurt workers by decreasing wages.
The White House also argues that these
agreements harm the U.S. economy because entrepreneurship isn't allowed to freely flourish. .
FTC Chair Lina M. Khan issued a statement when
the proposed ban was initially introduced.
The freedom to change jobs is
core to economic liberty and to
a competitive, thriving economy, FTC Chair Lina M. Khan, via statement.
Noncompetes block workers from
freely switching jobs, depriving
them of higher wages and better
working conditions, and depriving
businesses of a talent pool that
they need to build and expand, FTC Chair Lina M. Khan, via statement.
Businesses argue that noncompete agreements are essential for safeguarding investments and proprietary information.
Those businesses also question whether
the agency has the power "to regulate
such agreements," NPR reports. .
If the FTC votes to issue a final rule, enforcement wouldn't occur for 180 days,
and legal challenges would likely ensue.
Credit: Wibbitz Top Stories Duration: 01:31Published
Fears of Potential Iranian Attack , Drive US Stocks Down , Nearly 500 Points.
CNN reports that United States stocks dropped on
April 12 amid rising tensions in the Middle East pushing
traders to seek safe havens like gold and bonds.
CNN reports that United States stocks dropped on
April 12 amid rising tensions in the Middle East pushing
traders to seek safe havens like gold and bonds.
By mid-afternoon, the Dow had fallen
1.4%, the S&P 500 went down 1.6%,
and the Nasdaq dropped 1.8%.
The dip came after the White House announced
that both the U.S. and Israel are on alert for
a potential attack by Iran or its allies.
The dip came after the White House announced
that both the U.S. and Israel are on alert for
a potential attack by Iran or its allies.
The warning comes after Iran
accused Israel of a deadly airstrike
on a consulate in Damascus, Syria. .
The news also sent oil prices up amid
fears of regional tensions escalating
as a result of the ongoing war in Gaza. .
The news also sent oil prices up amid
fears of regional tensions escalating
as a result of the ongoing war in Gaza. .
Brent crude futures jumped up to $90.42
a barrel, and West Texas Intermediate crude
futures increased to $86.65 a barrel.
Those geopolitical concerns and subsequent
rising oil prices sent investors to safe havens like
gold futures, which rose to $2,379 a troy ounce.
Those geopolitical concerns and subsequent
rising oil prices sent investors to safe havens like
gold futures, which rose to $2,379 a troy ounce.
CNN reports that Americans' opinions of
the economy have dipped in the past few
months amid persistently high inflation.
The geopolitical fears come as investors are already
contending with concerns that the Federal Reserve could
wait to bring interest rates down from a 23-year high.
Officials at the Fed have signaled that further rate
hikes could still be on the way if the central
bank's efforts to fight inflation stall.
Credit: Wibbitz Top Stories Duration: 01:31Published
Two wild boars were spotted wandering around in the campus of Nanjing Tech University Jiangpu Campus on June 8. The wild boars shuttled back and forth between the grass and bushes.
CNN’s John Avlon says the effort by the Senate to try and pass several large bills, including the US Innovation and Competition Act aimed at China, shows that the Republican Party is more comfortable..
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