President Biden traveled to New York on Thursday to tout another major manufacturing investment, this time from IBM, as a sign of confidence among business leaders in the U.S. economy. Amid concerns about gas prices, broader inflation and rising interest rates, Biden on Thursday sought to focus on a particular bright spot for the administration: Recent investments by major tech companies spurred by federal legislation to support semiconductor manufacturing and shore up the domestic supply chain. Biden was in Poughkeepsie, N.Y., on Thursday to celebrate a planned $20 billion investment from IBM over the next decade to boost research and development initiatives and semiconductor manuf
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