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Biden Due To Deliver Remarks On Economy @ 1415ET

WHITE HOUSE

President Joe Biden is set to deliver remarks on the US economy at an event in Greensboro, North Carolina at 1415ET (1915BST, 2015CET). He is expected to speak directly on 'supply chain, infrastructure and economic renewal' during the event at the North Carolina A&T State University.

  • Biden is set to talk up the America Competes bill, which intends to boost investment into high-tech areas such as semiconductor manufacture and other R&D in order to insulate the US economy from exposure to political, economic or trade rifts with China and its supply lines.
  • The White House says Biden "will highlight provisions of the act key to retaining and strengthening the United States’ innovation and manufacturing capacity, as well as investing in STEM education and equity."
  • At present there are two versions of the bill, one passed by the House and the other by the Senate, which will require a conference committee formed by congressmen and senators to reach a joint bill acceptable to both sides.

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