White House races to dole out funding from key legislation before Trump takes office [CNN]
GlobalFoundries Inc. (GFS)
Company Research
Source: CNN
That includes finalizing agreements between the Commerce Department and manufacturing companies for federal semiconductor subsidies; allocating grants for climate initiatives; and surging available money and weaponry to war-torn Ukraine. The implementation efforts reflect one slice of how the Biden administration is working to shore up key initiatives as the second Trump presidency approaches. After he bowed out of the 2024 race in July, Biden tasked his team with ramping up the implementation of key legislation, including the Bipartisan Infrastructure Law ; the bipartisan CHIPS and Science Act ; and the health care and climate law known as the Inflation Reduction Act , which passed along party lines. That directive has taken on heightened significance since voters decided to send Trump back to the White House next year, leaving Democrats with a narrow window to finish their work. White House deputy chief of staff Natalie Quillian, who has focused on the implementation of Bid
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GFS
Earnings
- 11/5/24 - Beat
GFS
Sec Filings
- 11/20/24 - Form 6-K
- 11/12/24 - Form SC
- 11/6/24 - Form SC
- GFS's page on the SEC website