A fund will support small- and medium-sized auto manufacturers with access to capital to refinance, grow, or diversify their businesses. The White House announced that a $1 billion…
Read MoreEconomy
FTC Backs USDA’s Proposed Rule on Meat Processing Practices
Commission supports clarifying the Packers and Stockyards Act to protect competition and promote a more resilient food system. The Federal Trade Commission (FTC) has expressed support for a…
Read More
USDA Invests $121 Million into Specialty Crop Research
17 projects address unique challenges facing U.S. produce. The U.S. Department of Agriculture (USDA) announced the distribution of $121 million to support research for specialty crops and agriculture…
Read More
Federal Reserve Board Cuts Prime Rate 50 Basis Points
The central bank was motivated by the change in the employment rate, among other factors. The Federal Reserve cut interest rates by half a point on Wednesday, an…
Read More
Administration Addresses Increasing De Minimus Shipments
Departments of Homeland Security and Commerce implement changes in tariff-exempt importing. The Departments of Homeland Security and Commerce announced that they will take action regarding “the exponential growth…
Read More
Commerce Department Announces Preliminary Agreement with HP
$50 million in funding would expand an Oregon manufacturing facility. The Department of Commerce recently announced that it has reached a preliminary manufacturing expansion with HP Inc. The…
Read More
Transportation Department Invests in Commercial Driver Training and Road Safety
FMCSA provides grants to 27 colleges and CDL programs. The U.S. Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA) has announced nearly $3.5 million in grants to…
Read More
Medicare Announces Maximum Drug Prices After Negotiations
HHS secretary states that the negotiations will save Americans $3.7 billion in the first year. Medicare announced its first finalized list of drug price maximums for 10 prescription…
Read More
Energy Department Approves Natural Gas Exports from Mexican Facility
The administration resumed granting export permissions after a court blocked a pause on approvals. The Department of Energy announced the approval of shipments of liquefied natural gas (LNG)…
Read More
National Security Official Visits Kyiv
He discusses plans to support Ukraine during the remainder of President Biden’s term. Principal Deputy National Security Advisor Jon Finer met with Ukrainian President Volodymyr Zelenskyy and other…
Read More