Companies prepare for potential lower demand. America’s manufacturing activity fell for the fourth month while prices paid to manufacturers also decreased to the lowest level in more than…
Read MoreManufacturing
Treasury Secretary Speaks at Ohio Manufacturing Event
She also held a manufacturing roundtable. Treasury Secretary Janet Yellen traveled to Cleveland on Thursday to continue to promote the focus of President Biden’s administration on domestic manufacturing.…
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Energy Department Announces EV Expansion Projects
$2.8 billion will support the expansion of manufacturing in 12 states. The Department of Energy recently announced a combined $2.8 billion investment into American electric vehicle manufacturing. Twenty…
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Administration Expands Made In America Requirements
Federal procurements need to be 60 percent domestic. President Biden’s administration announced it will increase requirements for federally-procured goods to be sourced domestically, a step officials say will…
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Federal Reserve Says Business Outlook is Pessimistic
“Beige Book” reflects some easing of inflation. On Wednesday, the Federal Reserve reported that economic activity expanded modestly in recent weeks although it remains flat in some regions…
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White House Reports on Initial Booster Rollout
COVID response coordinator provides update on booster campaign. The White House’s COVID–19 Response Coordinator Dr. Ashish Jha said this past week that he was pleased with the progression…
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USDA to Fund Domestic Fertilizer Production
Secretary Vilsack highlights recent supply chain disruptions to show the necessity. Secretary of Agriculture Tom Vilsack unveiled a new federal grant initiative called the Fertilizer Production Expansion Program,…
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GM Financial Settles Justice Department Suit with $3.5 Million
Resolves allegations of improperly repossessing servicemember’s vehicles. The Justice Department announced last week that GM Financial agreed to settle a lawsuit brought against them. The Justice Department alleged…
Read MoreTreasury Seeks Public Input for Climate Tax Breaks
Feedback is requested on the use of the $270 billion allocation. The Treasury Department published a request for public input this past week, seeking insights on how best…
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Labor Secretary Responds to September Jobs Report
Government reports a quarter million jobs were added to the economy last month. The government reported Friday that the U.S. economy added 263,000 payrolls in September. At the…
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