The results have led some to believe a recession is coming. The Conference Board Leading Economic Index (LEI), which is a barometer of the health of the American…
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Treasury and IRS Announce Opening of EV Tax Credits
Questions remain regarding country of assembly eligibility. The Department of the Treasury and the Internal Revenue Service released additional information regarding tax benefits on clean vehicle provisions under…
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USDA Invests in Sustainable Bioproduct Manufacturing
The pilot program distributes $9.5 to three awardees The U.S. Department of Agriculture (USDA) announced that they are investing $9.5 million into domestic bioproduct manufacturing in the United…
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New Legislation Would Address Supply Chains
Bill would require federal agencies to get involved. Senator Marco Rubio of Florida and Representative Ro Khanna of California have introduced legislation that seeks to strengthen supply chains.…
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$39 Million Announced for Clean Energy Supply Chain
Energy secretary says the funding will expand commercially available domestic metals. The Department of Energy (DOE) recently invested $39 million into commercial development for clean energy production. Many…
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U.S. Manufacturing at Lowest Level Since 2020
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…
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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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