Republicans appear poised to support a bill to fund the U.S. semiconductor industry after Sen. Joe Manchin pared back Democrats' reconciliation bill.
Fox News correspondent Aishah Hasnie has the latest on Senator Joe Manchin pulling back on the energy bill due to inflation on 'Special Report.'U.S. semiconductor industry
after Texas Sen. John Cornyn said the GOP will lift a blockade on it, citing Sen. Joe Manchin's move to shrink Democrats' partisan reconciliation bill. Republicans were holding hostage efforts to pass a bill to boost the United States' economic competition with China until Democrats backed down on reconciliation. However, in light of recent inflation numbers, Manchin, D-W.Va., last week officially rejected – for now – efforts to raise taxes or pass energy and climate policies in the package.
This leaves Democrats, in the 50-50 Senate, with just provisions on prescription drugs and extending the Affordable Care Act in their legislation. Sen. Joe Manchin, D-W.Va., is drawing the ire of Democrats for temporarily killing major elements of their planned reconciliation bill. However, his move appears to be enough to free up GOP support for a bill to boost the U.S. semiconductor industry.
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