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International Business Machines (IBM) has secured a landmark $1 billion government contract to construct the first standalone quantum chip foundry on U.S. soil. The agreement comes through the Commerce Department, marking a significant federal commitment to advancing domestic quantum computing infrastructure. The facility, named Anderon, represents a new chapter in American quantum technology development and... The post IBM (IBM) Lands $1 Billion Commerce Department Contract To Establish First Standalone U.S. Quantum Chip Foundry appeared first on CONGRESS.NET.

Pratt & Whitney, a unit of RTX (NYSE: RTX), has signed a new production licensing agreement with Hermeus for its F100-PW-229 fighter engine. The agreement grants Hermeus the rights to manufacture the F100-PW-229, one of the most widely deployed engines across U.S. military fighter aircraft fleets. Hermeus operates under a rapid build model, which could... The post RTX (NYSE: RTX) Inks F100 Engine License With Hermeus And Hits Key F135 Design Milestone appeared first on CONGRESS.NET.

A bond market selloff has pushed the benchmark 10-year Treasury yield to the verge of 5%, intensifying fears across Wall Street and Washington about rising borrowing costs. The surge in yields is worsening anxiety about the U.S. economy’s ability to absorb higher interest rates on its already swelling national debt. The 10-year Treasury yield jumped... The post Surging Treasury Yields Drive Up America’s Debt Costs As 10-Year Rate Breaches 5% appeared first on CONGRESS.NET.

American consumers are being squeezed from two directions as rising oil prices and soaring Treasury yields compound the financial toll of the U.S. war with Iran. Crude prices have reaccelerated in recent weeks as fighting between the U.S. and Iran has intensified, pushing pump prices sharply higher across the country and draining household budgets at... The post U.S.-Iran War Costs American Households $1,760 As Oil Prices And Treasury Yields Surge appeared first on CONGRESS.NET.

Ohio Republican Senator Jon Husted is facing a growing political problem over data centers, one that could define his 2026 Senate campaign in a deeply competitive state. Husted was appointed to the Senate seat by Republican Governor Mike DeWine in January 2025, filling the vacancy left by JD Vance when there was little political noise... The post Jon Husted’s Data Center Liability Threatens Ohio Senate Race As Democrats Press Attack appeared first on CONGRESS.NET.