Food prices rising faster than other items. The Bureau of Economic Analysis released data on inflation for August which showed the personal consumption expenditure (PCE), excluding food and…
Read MoreDepartment of Commerce
Secretary Raimondo Speaks About Microchip Subsidies
Commerce Department will process applications one by one. Secretary of Commerce Gina Raimondo recently spoke about future investments in domestic semiconductor manufacturing. Congress approved the $52.7 billion CHIPS…
Read More
Commerce Department Publishes CHIPS RFI Summary
Analysis synthesizes public responses to strategy development. The Department of Commerce has released a detailed summary documenting the responses to their Request for Information (RFI) for the Creating…
Read More
Administration Outlines Semiconductor Production Plan
CHIPS and Science Act allots $50 billion. On Monday, President Biden’s administration unveiled its plan for boosting domestic chip production in the U.S. through the $50 billion in…
Read More
First Lady Kicks Off Apprenticeship Ambassador Program
Secretaries Raimondo and Walsh join the commencement. Secretary of Labor Marty Walsh and Secretary of Commerce Gina Raimondo joined First Lady Jill Biden at the White House last…
Read More
President Announces $1 Billion in Regional Economic Development
Twenty-four states will receive assistance under the American Rescue Plan. President Joe Biden and Commerce Secretary Gina Raimondo held a virtual event Friday with winners of grant money…
Read MoreU.S. to Host Indo-Pacific Economic Framework Ministerial
This will be the first in-person meeting to deepen economic ties in the region. U.S. Secretary of Commerce Gina Raimondo and U.S. Trade Representative Katherine Tai will be co-hosting…
Read More
Housing Starts Drop Nearly 10 Percent
New construction is at the lowest level since June 2020. The Commerce Department reported the number of housing starts decreased sharply in July. Measured on an annualized rate,…
Read More
Commerce Secretary Commends the CHIPS and Science Act
She is encouraged by the renewed focus on domestic manufacturing After President Biden signed the CHIPS and Science Act of 2022 into law on Tuesday, Secretary of Commerce…
Read More
Administration Seeks to Redefine Recession
Senator Wicker says that changing the definition doesn’t change the pain. On Thursday, the U.S. Department of Commerce will release its second-quarter gross domestic product (GDP) reading, a…
Read More