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News Wrap: House Democrats back bill to boost U.S. semiconductor industry

In our news wrap Thursday, House Democrats back $280 billion bill to bolster the U.S. semiconductor industry, parts of Appalachia faced flash flooding after days of rain, the Pacific Northwest heat wave persists, Russian said there no agreement yet on a prisoner swap, President Biden spoke with China’s president Xi Jinping about Taiwan, and Jet Blue agrees to by Spirit Airlines for $3.8 billion.