Senate Approves $250 Billion Bill to Curtail China

“The Senate voted on Tuesday to adopt a roughly $250 billion bill to counter China’s growing economic and military prowess, hoping that major investments in science — and fresh punishments targeting Beijing — might give the United States a lasting edge,” the Washington Post reports.

“The proposal commits billions of dollars in federal funds across a wide array of research areas. It pours more than $50 billion in immediate funding into U.S. businesses that manufacture the sort of ultrasmall, in-demand computer chips that power consumer and military devices, which many companies currently source from China. And it paves the way for the next generation of space exploration at a time when Washington and Beijing are increasingly setting their eyes on the stars.”