The U.S. Capitol dome and U.S. Senate (R) in Washington, August 2, 2011. The United States is poised to step back from the brink of economic disaster on Tuesday when a bitterly fought deal to cut the budget deficit is expected to clear its final hurdles in the U.S. Senate. REUTERS/Jonathan Ernst (UNITED STATES - Tags: POLITICS BUSINESS)
The U.S. Senate on Tuesday voted 68-32 to approve a sweeping package of legislation intended to boost the country’s ability to compete with Chinese technology, as Congress increasingly seeks to take a tough line against Beijing.
The bipartisan measure authorizes about $190 billion for provisions to strengthen U.S. technology and research -- and would separately approve spending about $50 billion to increase U.S. production and research into semiconductors and telecommunications equipment. The bill must also pass the House of Representatives to be sent to the White House for President Joe Biden to sign into law.