Biden’s Student Loan Rules Revised While States Sue to Stop the Debt Relief
Biden’s Student Loan Rules Revised While States Sue to Stop the Debt Relief
2022-09-30 21:09:08
by Tom Ramstack

WASHINGTON — The Biden administration changed its rules on who qualifies for student loan forgiveness Thursday as seven states filed lawsuits to block the plan that would wipe away $10,000 of debt for most borrowers. The states said in their... Read More

Renewable Energy
Maryland Receives $22.9M Grant to Expand Offshore Wind Workforce
2022-08-05 15:08:13
by Dan McCue

ANNAPOLIS, Md. — The Maryland Department of Labor has received a $22.9 million Good Jobs Challenge grant from the federal government to help it implement a new apprenticeship model to support the region’s growing offshore wind industry. The Maryland project... Read More

Renewable Energy
New Dems Push Commerce to Speed Solar Tariff Investigation
2022-05-19 21:37:42
by Dan McCue

WASHINGTON — Members of the New Democrat Coalition on Thursday urged the Commerce Department to step up the pace of its two-month-old investigation of solar technology imports. The development of hundreds of large-scale solar farms are on hold across the... Read More

Commerce Secretary Urges Senators to Pass the Bipartisan Innovation Act
2022-04-28 14:26:14
by Madeline Hughes

WASHINGTON — Billions of dollars will start flowing to the Department of Commerce if Congress passes the Innovation and Competition Act, also known as the Bipartisan Innovation Act, funds that will transform the department’s upcoming budget, according to Commerce Secretary... Read More

US Added 431,000 Jobs in March in Sign of Economic Health

America’s employers extended a streak of robust hiring in March, adding 431,000 jobs in a sign of the economy’s resilience in the face of a still-destructive pandemic, Russia's war against Ukraine and the highest inflation in 40 years. The government’s... Read More

House Passes Sweeping Measure to Boost US Competitiveness With China
2022-02-04 19:18:16
by Dan McCue

WASHINGTON — The House voted 222-210 on Friday to approve legislation to bolster research and development to help the United States better compete with China, unravel supply chain snafus and give a much-needed boost to the domestic semiconductor industry. Rep.... Read More

US Economy Grew 5.7% in 2021 in Rebound From 2020 Recession

WASHINGTON (AP) — The U.S. economy grew last year at the fastest pace since Ronald Reagan's presidency, bouncing back with resilience from 2020's brief but devastating coronavirus recession. The nation’s gross domestic product — its total output of goods and... Read More

Commerce Department Tightens Export Controls on Cybersecurity Items
2021-10-22 20:05:15
by Reece Nations

WASHINGTON — The Department of Commerce’s Bureau of Industry and Security announced on Wednesday it would institute new export controls over cybersecurity items such as cyber intrusion software that can be used maliciously. The department’s new policy also creates a... Read More

Commerce Head Out to Save US Jobs, 1 Computer Chip at a Time

WASHINGTON (AP) — Gina Raimondo only wears watches made by Bulova — a company that laid off her scientist father, closed its Rhode Island factory and moved production to China in 1983. The watches give Raimondo, the U.S. commerce secretary,... Read More

US Economy Continues to Grow, Eclipses Pre-Pandemic High
2021-07-29 14:43:36
by TWN Staff

WASHINGTON -- The U.S. economy grew at an annualized rate of 6.5% in the second quarter, as vaccinations that released pent up consumer activity finally lifted the nation out of the pandemic-sized crater it had been in for more than... Read More

Trump Rule on China Tech Transactions to Remain in Place
2021-03-01 19:23:04
by Reece Nations

WASHINGTON — A Trump-era regulation allowing the Department of Commerce to block technology-related business transactions determined to be national security threats will remain in place, against the wishes of some of the country's business stakeholders. The rule, scheduled to take... Read More

Economy Last Quarter Was Worst in US History, Shrinking 32.9%
2020-07-30 15:45:22
by Dan McCue

WASHINGTON - The U.S. economy shrank at an annual rate of 32.9% in the second quarter -- the worst quarterly decline ever -- amid a coronavirus pandemic that shuttered businesses and threw millions out of work. The Commerce Department's estimate... Read More

Democrats Criticize Trump for Ordering Illegal Immigrants Excluded From Census
2020-07-30 14:01:04
by Tom Ramstack

WASHINGTON - Democrats attacked the president’s plan to exclude illegal immigrants from the 2020 Census during a congressional hearing Wednesday while Republicans said they wanted to prevent foreign influence. The House Oversight Committee held what it called an “emergency hearing”... Read More

Retail Sales Rebound As States Reopen After COVID-19 Lockdowns
2020-06-16 14:30:18
by Dan McCue

WASHINGTON - Retail sales rebounded across the country in May as a growing number of states allowed stores and restaurants to reopen and consumers were finally allowed to venture out and spend federal stimulus checks and tax refunds. According to... Read More

US Economy Grew at a Strong 3.1% Rate During the First Quarter
2019-05-30 20:16:47
by Dan McCue

The U.S. economy grew at a strong 3.1% rate in the first three months of the year, the Commerce Department said Thursday, though much of the gain was due to temporary factors that have likely faded over time. The nation's... Read More

Straight From The Well