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President Biden enters his State of the Union speech on Thursday with an economic record that has defied forecasters’ gloomy expectations, avoiding recession while delivering stronger growth and lower unemployment than predicted.
After a year of recession doomsaying, an unexpectedly resilient economy is boosting the White House as it ramps up selling its record to Americans who’ve just started shaking off their “vibecession.”
WASHINGTON (AP) — The Biden administration is providing $162 million to Microchip Technology to support the domestic production of computer chips — the second funding announcement tied to a 2022 law designed to revive U.S. semiconductor manufacturing.