Rivian is structuring $15 billion in "phantom bonds" to facilitate a tax abatement for building a new campus in Georgia, a common practice for economic development in the state.
South Korea s semiconductor sector, deeply linked to China, occupies a central position in the nation s economy. However, as the United States ramps up efforts to curb China s technological progress, South Korea s vital chip industry is threatened, prompting calls for strategic solutions.
The politically divided Virginia General Assembly approved long-overdue budget legislation Wednesday, voting in an unusually fast-paced special session to both reduce taxes and boost spending on public education and mental health as part of the package. Lawmakers spent just a few hours in the Capitol considering the compromise plan before overwhelmingly adopting it and sending it to Republican Gov. Glenn Youngkin. Howell was among a small group of negotiators holding closed-door budget talks since the Legislature's regular session ended without agreement on adjustments to the two-year state spending plan, which runs through mid-2024.
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