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Hopes were high for the Endless Frontier Act when it was first introduced in 2020. The bipartisan, bicameral bill promised to boost U.S. efforts to compete against China by sending $100 billion to the National Science Foundation, refocusing its efforts on emerging technology like semiconductors and AI and even changing its name to the National Science and Technology Foundation.

Swedish climate advocate Greta Thunberg urged a House subcommittee on Thursday to end tax breaks for fossil fuel producers, saying their existence was a "disgrace," and she accused lawmakers who have failed to remove them as "proof that we have not understood the climate emergency."

Swedish climate activist Greta Thunberg will testify Thursday to a U.S. congressional hearing on fossil fuel subsidies, which the committee's progressive chairman is pressuring President Joe Biden to end.

A group of Republicans and Democrats are putting forward a new plan aimed at bolstering the nation's economic competitiveness against China. It represents a big test of whether Republicans and Democrats can still collaborate on key issues in Congress.

Congress is moving with increasing urgency on bipartisan legislation to confront China and bolster U.S. competitiveness in technology and critical manufacturing with the Senate poised to act within weeks on a package of bills.