Both countries find Chinese overproduction the main issue. This past week, Secretary of Commerce Gina Raimondo, United States Trade Representative Katherine Tai, and United Kingdom Secretary of State…
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Administration Announces Economic Grant Finalists
60 coalitions given $500,000 to prepare for final round. White House Senior Advisor Gene Sperling only expected 150 applicants for the Build Back Better grants for pandemic economic…
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Federal Departments Address Supply Chain Issues
Several investments made across the country by Commerce, Agriculture, and Transportation Departments. The Department of Commerce announced on Friday the multi-departmental effort to address the bottlenecked supply chain…
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Consumer Confidence Hits Seven Month Low
Commerce Department issues report on inflation-adjusted spending. The Department of Commerce released a report that reflects U.S. consumer confidence dropping for the third straight month in a row,…
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House Bills Would Dilute Chinese Telecom Dominance
New proposals under consideration by House Energy and Commerce Committee. Legislators in the House of Representatives are looking to curtail China’s increasing dominance in the telecommunications sphere. As…
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Senate Bill to Counter China’s Influence
U.S. Innovation and Competition Act gets support from U.S. Chamber of Commerce. Senate Majority Leader Chuck Schumer’s Endless Frontiers Act, a bill designed to compete with China in…
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Commerce Department Releases 2020 Economic Report
Gross Domestic Product declined 3.5% in 2020 due to pandemic, social and political unrest. On Thursday, the Bureau of Economic Analysis within the Commerce Department released its summary…
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Federal Agencies Victims of Cyber Attacks
Vulnerabilities appear to be related to systems updates. Solar Winds, an IT company that runs network management systems and whose clients include the Department of Justice, the Census…
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Good Economic News Ends Third Quarter
Jobless claims down, GDP grew. In what President Trump describes as a “V-shaped” recovery, the end of the third quarter brought evidence of a bounce back from pandemic…
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U.S. Sees Highest Trade Deficit in 12 Years
Imports increase at record-breaking levels. The Department of Commerce released its data on the relationship between the United States imports and exports on Thursday. The trade deficit is…
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