They're in basically every piece of technology you use. And they're in short supply. POLITICO's Steven Overly breaks down why a microchip shortage is causing headaches in the auto industry and beyond. Plus, Biden signs anti-Asian hate crimes legislation into law. And the White House proposes doubling the size of the IRS.

Steven Overly covers global trade, economics and technology for POLITICO.
Jeremy Siegel  is a host for POLITICO Dispatch.
Jenny Ament is the senior producer of POLITICO audio.
Irene Noguchi is the executive producer of POLITICO audio.

Learn more about your ad choices. Visit megaphone.fm/adchoices