Commerce Department

Biden Seeks Novel Relationship With China

Here’s a phrase I never expected to write: Joe Biden will be spending the next few days channeling his inner Gwyneth Paltrow.

Bill Preventing China From Obtaining Sensitive National Security Technology Introduced by House Republicans

House Republicans introduced the Prioritizing National Security in Export Controls Act of 2022, which would shift export control management from the Bureau of Industry and Security (BIS) to the Defense Technology and Security Administration (DTSA).

Inflation Accelerated More Than Expected in August, Prices Remain at Four-Decade High: Biden Economy

The Federal Reserve's inflation gauge exceeded its expected limit last month, keeping prices at a four-decade high.

Mainstream Media Now Believe in ‘Rigged’ Elections After Ukrainian Regions Vote to Join Russia, Are Annexed by Putin

For years, the mainstream media rejected claims the 2020 U.S. presidential election could have been stolen from President Donald J. Trump, labeling such ideas as "conspiracy theories."

President Biden’s Green Initiatives Empower China: Republican Lawmakers

President Joe Biden’s decision to put off new tariffs on solar imports from Southeast Asian countries benefits China, according to Sen. Roger Marshall (R-Kan.) “Joe...

US Commerce Department Unveils Plan to Allocate $50BLN for Semiconductor Sector

The US Department of Commerce on Tuesday unveiled a plan to provide $50 billion to the domestic semiconductor industry and countering China, in what is billed as the largest government bailout to the industry in decades, media reported.

Government Revision Shows Economy Shrank 0.6% Last Quarter

The U.S. economy shrank at a 0.6% annual rate from April through June, the government said Thursday in a slight upgrade from its initial...

Shift in Hiring Patterns Points to Looming Recession for Biden Economy

Despite a July Commerce Department report showing a second consecutive quarter of negative GDP growth — the classic definition of a recession — Biden...

Housing Starts Plunge 9.6%, Raising Recession Fears

The number of housing starts tumbled in July, an indication that the housing market is taking a hit and may be falling into a recession.

U.S. Enters Recession Under Biden

U.S. economy shrank 0.2% in the June quarter, 0.9% on an annualized basis.

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