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Fifty-two billion dollars in proposed funding for U.S. chip manufacturing subsidies that in January looked like it would sail through Congress is no longer a sure bet. It has been languishing in congressional reconciliation for weeks and has transformed from a widely supported piece of legislation into a partisan football. The rub might be that, like it or not, the chip subsidies have never been at the top of the congressional priority list. Its fate has been tied to USICA, a law that Senate Minority Leader Mitch McConnell has vowed will not pass if the "Democrats are pursuing a partisan reconciliation bill." If some form of the bill fails to get to the president's desk by the August congressional recess, the chip funding is all but dead until the new Congress begins governing in 2023.

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