Commerce Department

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.

New Bill to Tax College Endowment Investments in Hostile Chinese Companies at 100 Percent

A new Republican-backed bill in Congress seeks to pressure elite private colleges to pull their endowment dollars from hostile Chinese entities by taxing those investments at a 100 percent rate.

Biden Boosts China’s Economy by Waiving Solar Panel Tariffs on the Country: ‘Unfettered Access to China’s State-Subsidized Solar Companies for the Next Two Years’

"The amount of negative impact this will have will last decades if not forever turn the tide of competition with China in favor of China," said Captjur CEO Bob Bilbruck.

Specter of Stagflation Arrives for National Small Business Week

Just in time for National Small Business Week, stagflation is arriving.

Excessive Government Spending Is Dragging Down the American Economy, Analysts Say

A year ago, President Joe Biden was riding the polls with a 59 percent approval rating having just signed what he called the “American Rescue Plan”...

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