The Latest Breaking News from Todd Young

Incentives for clean energy and research and development could move as part of a year-end tax bill when the dust settles after the midterms

An inside look at how senators managed to boost the bill from $52 billion to nearly $250 billion.

WASHINGTON — Republican senators said Wednesday they’re expecting final passage of a trimmed-down semiconductor manufacturing and science-focused economic competitiveness package will slip to next week.

Republican senators said they’re expecting passage of a semiconductor and science-focused competitiveness package will slip to next week.

WASHINGTON — The Senate is moving forward with an even broader “chips-plus” bill containing hundreds of pages of science-related provisions that Senate Majority Leader Charles E. Schumer agreed to add to a more narrow bill focused on semiconductor manufacturing grants and tax incentives.

The Senate is moving forward with a broad “chips-plus” bill containing science provisions that Majority Leader Charles E. Schumer agreed to add.

WASHINGTON — Senators are considering restoring a more generous tax break for companies’ research and development spending as part of a slimmed-down economic competitiveness bill focused on boosting domestic semiconductor manufacturing.

Senate Majority Leader Charles E. Schumer pledged to move ahead with a procedural vote Tuesday afternoon on the semiconductor bill.

A procedural vote to begin the floor process on a limited competition measure could happen as early as Tuesday.

WASHINGTON — Dozens of House members sent a letter to party leaders calling for “immediate action” to restore a more generous tax break for companies’ research and development spending, as senators prepared to weigh in with their own show of support Wednesday.

Dozens of House members called for “immediate action” to restore a more generous tax break for companies’ research and development spending.