My Blog

Gina Raimondo Faces a $100 Billion Test

New York Times: “The Commerce Department, under Ms. Raimondo’s leadership, is now poised to begin distributing nearly $100 billion — roughly 10 times the department’s annual budget — to build up the U.S. chip industry and expand broadband access throughout the country.”

“How Ms. Raimondo handles that task will have big implications for the United States economy going forward. Many view the effort as the best — and only — bet for the United States to position itself in industries of the future, like artificial intelligence and supercomputing, and ensure that the country has a secure supply of the chips necessary for national security.”

“But the risks are similarly huge. Critics of the Biden administration’s plans have noted that the federal government may not be the best judge of which technologies to back. They have warned that if the administration gets it wrong, the United States may surrender its leadership in key technologies for good.”

FavoriteLoadingSave to Favorites

Related posts

Will Democrats’ strategy of boosting far-right candidates in the primaries work?


Prince Andrew and Virginia Giuffre Conform to Agreement


Who’s on Biden’s shortlist to exchange retiring Justice Stephen Breyer? Ketanji Brown Jackson is without doubt one of the frontrunners.


Leave a Comment