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

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