Troubled chipmaker Intel, which announced huge layoffs in August, will receive $11 billion under the Chips Act, in an attempt to cut U.S. dependence on imports.

The Silicon Valley company will receive less money from the CHIPS Act after winning a $3 billion military contract and changing some of its investment commitments.

The Biden administration is expected to trim the original $8.5 billion in grant funding to Intel from the CHIPS and Science Act, according to multiple reports.

The White House spokesperson announced that President Joe Biden and First Lady Jill Biden will attend President-elect Donald Trump's inauguration. - The president promised that he would attend the inauguration of whomever won the election.

Despite repeatedly describing Trump as a threat to democracy during the 2024 campaign, Democrat Biden has made a point of providing Trump with the smooth transition that the Republican denied him.

Turkey pardons can be traced back to President Abraham Lincoln in 1863. Historians claim he spared a turkey's life after his son, Tad, befriended it. But yearly pardoning became an "official" tradition under George H W Bush, when the former president pardoned a turkey in 1989 as animal-rights activists protested nearby.

President Joe Biden and first lady Jill Biden made a rare visit to Staten Island on Monday to honor service members and their families ahead of Thanksgiving.