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 MoreDepartment of Commerce
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…
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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…
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Secretaries Blinken and Raimondo Co-Host Supply Chain Forum
17 countries joined the United States in discussions. Last week, Secretary of State Antony Blinken and Secretary of Commerce Gina Raimondo co-hosted a two-day supply chain forum with…
Read MoreSecretary Raimondo Appoints Business in Africa Council
24 members to serve a two-year term as advisors. Last week, the Department of Commerce announced that Secretary Gina Raimondo has appointed 24 members to the President’s Advisory…
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Governors, Mayors Urge Congress to Pass Chip Legislation
Bipartisan state and local politicians are concerned about retaining domestic manufacturing. Semiconductor manufacturing legislation is expected to come before Congress for a vote this week. Several state governors…
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Census Bureau Launches New Business Survey
Seeks to measure changing business conditions. The U.S. Census Bureau announced the launch last week of the Business Trends and Outlook Survey (BTOS). This new experimental survey replaces…
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President Declares Two Year Solar Tariff Exemption
Unfreezes imports after federal investigation. President Joe Biden issued an executive order on Monday, declaring a 24-month tariff exemption for solar panels from Cambodia, Malaysia, Thailand, and Vietnam.…
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Department of Commerce Releases Sales Report
Market unstable, but balanced by consumer spending The Department of Commerce released its monthly sales report last week, showing that consumer spending was surprisingly strong in the midst…
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Administration Launches “Internet for All” Initiative
Commerce secretary announces launch. U.S. Commerce Secretary Gina Raimondo recently visited Durham, North Carolina, to announce the launch of the “Internet for All” initiative. A part of the…
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