Ben Werschkul is Washington correspondent for Yahoo Finance covering economic policy and the intersection of financial issues and the nation's capital. He has covered Washington for over 20 years as a reporter and video producer, working previously at The New York Times and CNN.
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Biden has a favorite stop when he hits the road: Chipmaking plants
Visiting chipmakers has become one of President Biden's most common reasons for getting on the road. He will do so again Thursday as he travels to Syracuse to award Micron $6 billion in federal money.
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Biden is sending $61 billion to Ukraine. Much of it will pass through the US economy first.
Washington is spending another $61 billion to help Ukraine. But most of the money will flow through the US economy first.
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A new law could ban TikTok in 2025. Here's what happens next.
President Biden signed a landmark bill Wednesday morning that gives China's ByteDance up to one year to divest TikTok or face a US ban on the app.
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The bipartisan worry that is uniting Washington: Cheap Chinese goods
For all the differences between Joe Biden and Donald Trump, they share a worry about China flooding global markets with cheap goods.
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The tweak that made the forced divestment of TikTok much more likely
House Speaker Mike Johnson is making another run at freeing TikTok from Chinese government influence. He made a tweak that appears to have made it more likely the measure reaches President Biden’s desk.
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Biden uses new speech to argue Trump's tax plans are a political liability
Donald Trump’s tax plans have already proven a hit with billionaires. Joe Biden is hoping that those same plans will be politically toxic in the swing states that will decide the election this fall.
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Where Biden's billions in chipmaking money have gone — and what could be next
President Joe Biden has spent $23 billion of the $39 billion he has to spur chipmaking in the US, spreading it to companies that plan new activities in several states.
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What Trump is signaling with his possible Treasury and Fed picks
Donald Trump is floating ideas for his economic team much earlier than in elections past. But he is once again embracing loyalists and well-known figures from the worlds of Wall Street and Washington.
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Jay Powell is trying to avoid the fate of a 1970s predecessor. Biden and Trump are making that harder.
Fed Chair Jerome Powell faces a new round of ominous comparisons to the mid-1970s as inflation concerns heat back up and political pressures intensify.
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Larry Fink lashes out at BlackRock's political critics: They 'continuously lie'
BlackRock CEO Larry Fink said political critics 'continuously lie' as the giant money manager faces heat in Washington and states like Texas.
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TSMC gets $6.6 billion in chipmaking cash from Biden while pledging to build a third Arizona plant
The Biden administration said Monday it plans to send $6.6 billion in grants to the Taiwan Semiconductor Manufacturing Company, while the chipmaking giant said it would expand its footprint in Arizona.
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Jay Powell really wants Americans to know he is not thinking about politics
The Fed chairman went out of his way to make it clear this week that the Fed is free from personal or political bias as he continues to navigate a red-hot political year.
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The wrangling over a second wave of D.C. chipmaking money is already underway
A vigorous debate has already begun about whether the US semiconductor sector will need a second wave of support from Washington in the years ahead — as well as what it might look like.
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Corporate profits are booming. Biden wants that to be a campaign issue.
New government data shows corporate profits rose to an all-time high at the end of 2023, providing new ammunition for Democrats who want to refocus voter anger around price increases toward Wall Street.
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Trump has billions in new paper wealth. But accessing it quickly could get messy.
The cash-strapped Donald Trump would benefit from tapping his billions in new paper wealth generated by DJT. But he might have no choice but to wait.
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Larry Fink defends BlackRock's energy bets days after Texas dust-up
Larry Fink said BlackRock remains a big investor in oil and gas companies days after a giant Texas retirement system pulled $8.5 billion from the money manager for allegedly engaging in a boycott of the fossil fuel industry.
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How changes to an abortion pill could lead to an impact 'bigger than Dobbs'
The economic fallout from the reversal of Roe v. Wade was lessened by a surge in telemedicine. That could change depending on the outcome of another Supreme Court case this year.
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Biden signs $1.2 trillion spending plan, avoiding government shutdown
Washington has a plan to avert a government shutdown but faces a gauntlet of procedural steps in the hours ahead before a stoppage can be averted at midnight on Friday.
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Donald Trump is set for a $3 billion paper windfall. It may not solve his current cash crunch.
Donald Trump could net a $3 billion paper windfall after shareholders of Digital World Acquisition voted Friday to merge with his media business. But that may not solve his cash crunch.
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How Intel won $8.5 billion in chipmaking cash from Biden
Intel CEO Pat Gelsinger has spent the last three years lobbying Washington to make billions available to American chipmakers. On Wednesday, that paid off for his company.