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Republicans Fail on the Debt Ceiling in 2023

The United States House of Representatives’ passage of the Limit, Save, Grow Act of 2023 is a big Republican failure in addressing the debt ceiling. The debt ceiling would be raised above the current limit of $31 trillion by $1.5 trillion or through March 2024, whichever comes first. Notably, “official cost estimates have not yet been released,” so the projected paltry $480 billion annual spending reductions likely will be much less. ....

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Intel Delays Ohio Chip Factory As Federal Funding Stalls

Intel blames the U.S. Congress’ delay in funding the CHIPS Act for pushing the pause button on Intel’s Ohio semiconductor fab. ....

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