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CHIPS funds are heading to Phoenix, “ground zero for the new economy”

An influx of federal investment in the Arizona metropolis is meant to energize the nation's tech industry and accelerate job creation. Will it work?
President Joe Biden arrives at the TSMC facility in Phoenix to speak in December 2022. TSMC was recently awarded $6.6 billion in CHIPS Act funding.
Brendan Smialowski/AFP via Getty Images

Economists used the business cycle to predict what's next. It doesn't work so well anymore.

Apr 23, 2024
Where's the recession? Changes like the pandemic crash and government funding programs have disrupted the expansion-contraction pattern.
Daenin Arnee via Getty Images

Biden administration will award $7 billion in solar energy grants for homes

Apr 22, 2024
The funds will help 900,000 low-income and disadvantaged households benefit from solar energy, including by cutting their electric bills.
President Biden announced the Solar for All program Monday in Virginia during an event commemorating Earth Day.
Andrew Harnik/Getty Images

Highways isolate urban communities nationwide. $3 billion from Washington aims to fix that.

Mar 15, 2024
The grants are an attempt to correct decisions made decades ago.
Communities of color generally have greater health impacts, such as higher asthma rates, as a result of these infrastructure decisions, says Christopher Coes of the Department of Transportation.
Frederic J. Brown/AFP via Getty Images

Supply chains are tightening again. This time, it looks like a good sign for the economy.

Mar 14, 2024
Early in the pandemic, congested supply chains drove inflation. Now, we’re seeing growth without major disruptions.
Bringing capacity back into the supply chain could indicate a potential boost in GDP, said Dale Rogers of Arizona State.
Julia Nikhinson/AFP via Getty Images

Wait, how much will the Inflation Reduction Act's climate provisions cost?

Mar 13, 2024
We break down the role of uncapped tax credits in the IRA's climate provisions with John Bistline of the Electric Power Research Institute.
Many of the IRA's tax credits are not capped and last for at least 10 years, creating variability in the total projected cost.
Drew Angerer/Getty Images

FDR's New Deal transformed the economy. Could Biden do the same?

We look back at a moment in U.S. history when the federal government remade its relationship with the economy.
President Joe Biden sits in the Oval Office in November. Above the fireplace is a portrait of Franklin D. Roosevelt.
Andrew Caballero-Reynolds/AFP via Getty Images

For public good, not for profit.

Medicare to start negotiating prices for 10 drugs in 2024

Dec 29, 2023
But drug companies are trying to stymie the effort with a raft of lawsuits.
Medicare’s ability to negotiate drug prices will apply to just 10 medications for now, including treatments for heart disease and diabetes.
stevecoleimages/Getty Images

What was (and wasn't) accomplished in D.C. this past year

While the passage of legislation in Congress has largely been stalled by political drama, impacts from the CHIPS Act and infrastructure law are starting to be felt.
Mandel Ngan/AFP via Getty Images

As the U.S. courts EV battery manufacturers, Canada follows suit

Dec 19, 2023
Canada's federal government teamed up with Quebec's provincial government to offer a Swedish company $2 billion in subsidies.
Swedish company Northvolt plans to build a massive battery plant outside Montreal, Quebec, seen here in a digital rendering.
Courtesy Northvolt