WASHINGTON — The Senate on Tuesday advanced a $280 billion bill designed to boost the semiconductor industry in the United States and to accelerate high tech research that backers say will be critical to the economy in future decades.
The Biden administration maintains that the U.S. is not in a recession, but public opinion of the state of the economy is at a low. The Congressional Budget Office has projected that the bill would increase deficits by about $79 billion over 10 years. Critics have objected to the spending called for in the bill either as misplaced or excessive.
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Fairbanks has an abundance of Antimony and High Purity Quartz for semi conductors and batteries. But no one is mining any Antimony.