The Latest Breaking News from Commerce Department

US Trade Gap Grows In February To Highest Level Since April 2023

The overall trade gap grew to $68.9 billion, up $1.3 billion from a month earlier, the Commerce Department said in a statement.

Latin Times · Apr 5, 2024

US agency calls for audits of AI systems to ensure accountability - Roll Call

A Biden administration agency called Wednesday for audits of artificial intelligence systems that would hold tech companies accountable.

Roll Call · Mar 27, 2024

Sales Of New US Homes Edge Down Unexpectedly In February

New single-family home sales were at an annual rate of 662,000 last month, seasonally adjusted, 0.3 percent down from the revised 664,000 figure for January, said the Commerce Department.

Latin Times · Mar 26, 2024

Chinese EVs could be derailed in the US as President Biden brands them a security threat

President Biden has launched a Commerce Department investigation to see if electric vehicles from China pose a national security risk.

TechRadar · Mar 1, 2024

US Retail Sales In January Log Biggest Fall In Almost A Year

Retail sales in the United States slipped more than anticipated last month, retreating after the holiday season and bogged down by auto sales and gas prices, government data showed Thursday.

International Business Times · Feb 15, 2024

US New Home Sales Up In 2023, Boosted By Limited Existing Supply

Sales of new US homes jumped in 2023, according to government data released Thursday, supported by a lack of inventory in the existing homes market as mortgage rates remained elevated.

International Business Times · Jan 25, 2024

US Economy Closes In On 'Soft Landing' As GDP Grows 3.3% In 2023 Q4

The U.S. Gross Domestic Product (GDP) increased at a 3.3% rate -- well ahead of the 2% projected by Wall Street Journal and Bloomberg.

International Business Times · Jan 25, 2024

US Growth Picks Up In 2023 On Jobs And Consumer Spending

US economic growth was stronger than expected in the final months of 2023, government data showed Thursday, offering a boost to President Joe Biden as he starts his reelection campaign.

International Business Times · Jan 25, 2024

US Retail Sales Beat Expectations In December To Wrap Solid Year

US retail sales accelerated more than anticipated in December, closing out a year marked by resilient consumption, government data showed on Wednesday.

International Business Times · Jan 17, 2024

New Tariffs on Tin Cans Get Biden Administration Approval

There's no good reason for the government to block Americans' access to cheaper tin cans.

Reason · Jan 9, 2024