The Biden administration has completed a 100-day review of supply chains and will form a task force to address the bottlenecks in the semiconductor, construction, transportation and agriculture sectors.
and will form a task force to address the bottlenecks in the semiconductor, construction, transportation and agriculture sectors.
A shortage of raw materials has made it harder for the U.S. economy to recover from the coronavirus pandemic-induced recession. The supply bottleneck has helped fuel a bout of inflation that the administration believes will be temporary, though it has provided Republican lawmakers and some economists with grounds for criticizing Biden's $1.9 trillion coronavirus relief package.
Besides the task force, the administration will take several other steps to bolster supply chains, with an effort spread across the government. The Energy Department will release a blueprint to develop supplies for lithium batteries, in addition to providing roughly $17 billion in loans for advanced batteries that would help shift the country to electric vehicles.
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