"It has become painfully clear that the United States has allowed itself to become too reliant on unreliable sources of critical minerals, products, and manufacturing - all of which are essential for our national security,"
""act now""
""America needs more speed and investment," he said."
""Our security is predicated on the strength and resiliency of America's economy.""
The United States has grown dependent on foreign suppliers for critical minerals, products, and manufacturing that underpin economic competitiveness and national security. JPMorgan Chase launched a decadelong, $1.5 trillion Security and Resiliency Initiative to strengthen strategic industries including critical minerals, advanced manufacturing, energy, defense, AI, and quantum computing. The initiative includes up to $10 billion in direct investments, financing across supply chains and defense infrastructure, expanded banking staff, and an external advisory council of public and private leaders. Policymakers are urged to cut red tape, modernize education, and accelerate investment to rebuild industrial strength and resilience.
Read at Business Insider
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