President Joe Biden met virtually on Monday with the chief executive of Lockheed Martin and other companies to spur forward a bill to boost semiconductor production in the United States.
The Senate could consider the annual defense authorization bill as soon as Thursday after Senate Majority Leader Chuck Schumer, D-N.Y., abandoned a controversial push to merge it with sweeping China-focused legislation.
Packaging the annual defense bill with another sweeping bill to make the U.S. more competitive with China will swamp the entire thing, the Democratic chair of the House Armed Services Committee is warning.