The Department of Commerce announced this week it will distribute $874 million in federal funding to seven semiconductor companies and receive a minority ownership stake in each in return, reviving a practice that has drawn pushback from within the Republican Party.
Commerce Secretary Howard Lutnick sat for a closed-door deposition before the House Oversight Committee on Wednesday to answer questions about his relationship with Jeffrey Epstein, and the Republican chairman of the committee left the hearing room with a pointed assessment: Lutnick hadn't been fully honest.
The Department of Commerce’s International Trade Administration announced that American contractors have a record number of agreements with foreign government buyers.
