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The Latest Breaking News from Commerce Department

Officials juggle several US goals as they award CHIPS money - Roll Call

The Commerce Department has assembled a team to allocate the money Congress provided last year to revitalize the US chip industry.

Roll Call

Orders for US business equipment increase for a second month

Orders placed with U.S. factories for business equipment rose in May for a second month, indicating companies continue to make longer-term investments despite high borrowing costs and economic uncertainty.

Tribune News Service

"No basis in fact": U.S. slams China claim that chipmaker Micron poses national security risk

Chinese agency tells operators of "critical information infrastructure" to stop buying Micron's products.

Axios

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Supreme Court to decide major case on federal rule-making power - Roll Call

The Supreme Court will decide a challenge over how courts assess federal rule-making, setting up a major case on executive agency power.

Roll Call

House votes to restore solar panel tariffs paused by Biden

The House voted Friday to reinstate tariffs on solar panel imports from several Southeast Asian countries

The Independent UK

Bipartisan measure to block solar tariff waiver heads to markup - Roll Call

A bipartisan measure would strike down an administration waiver of tariffs on solar energy equipment from four countries in Southeast Asia.

Roll Call

U.S. adds Nicaraguan National Police to export control list, citing human rights

The U.S. Commerce Department on Tuesday added the Nicaraguan National Police to a government export control list after the Biden administration said the police force was engaged in serious human rights abuses in Nicaragua.

Reuters

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Companies that get federal subsidies should be required to provide child care

The Biden administration plan to impose a child care requirement on the semiconductor industry is a start.

Chicago Sun-Times

Politicians Use Subsidies To Squeeze Semiconductor Manufacturers

When politicians manipulate industry, the public pays the price.

Reason

Two Canadian firms included in US sanctions list for alleged support to Russia

The United States' list of recently sanctioned entities for alleged support for Russia's war effort in Ukraine includes two Canadian companies, U.S. and Canadian authorities said on Monday.

Reuters

Big Brother vs Big Tech

Biden wants more chips; Democrats claim they'll protect your health data. Plus: A drone that kills on its own?

Salon

China accuses US of attacking companies after export curbs

China has accused Washington of improperly attacking Chinese companies after genetics analysis giant BGI Group and 17 others were hit with curbs on access to U.S. technology on security or human rights grounds

The Independent UK

Billions to spur US semiconductor manufacturing comes with strings attached

WASHINGTON – The Commerce Department is preparing to dole out $39 billion in semiconductor manufacturing incentives, an initiative expected to bring more factories – and jobs – to the U.S.

Tribune News Service

Prison Deaths Spiked by Almost 50 Percent During Early Months of COVID-19 Pandemic

Plus: ACLU urges Congress not to bank TikTok, a backdoor way to subsidize childcare, and more...

Reason

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The Independent UK

Commerce Dept. issuing aid to build computer chip plants

The Commerce Department is opening the application process for computer chip manufacturers to access $39 billion in government support to build new factories and expand production

Reason

Now the CHIPS Act Is Going To Subsidize Child Care Too

If Congress wants to spend taxpayer money on child care services, it should pass a bill authorizing that.

Axios

Chip makers must provide childcare plan for access to federal funds

The move is a way for the administration to make progress on expanding child care access.

Chicago Sun-Times

Rebecca Blank dies at 67; renowned economist led the University of Wisconsin

Rebecca Blank was president-elect of Northwestern University last year when a cancer diagnosis led her to step down. She was an advisor to three U.S. presidents.

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Asharq Al-Awsat

US Adds 6 Chinese Entities Tied to Balloon Program to Blacklist

The Biden administration on Friday added six Chinese entities connected to Beijing's suspected surveillance balloon program to an export blacklist. The new restrictions come after the White House said it would consider broader efforts to "expose and address" China's larger surveillance activities that threaten US national security and allies. The…

Fortune

The White House just came around to Elon Musk's point about Apple's 'secret 30% tax on everything.'

Tech CEOs, like Mark Zuckerberg and Elon Musk, have long grumbled about the 30% cut developers pay to Apple and Google.

The Independent UK

Apple and Google app stores get thumbs down from White House

The Biden administration is taking aim at Apple and Google for operating mobile app stores it says stifle competition

Asharq Al-Awsat

US Curbs Exports to Iranian Firms for Producing Drones for Russia

The United States on Tuesday put new trade restrictions on seven Iranian entities for producing drones that Russia has used to attack Ukraine, the US Department of Commerce said. The firms and other organizations were added to a US export control list for those engaged in activities contrary to US…

Axios

House Science Committee chair looks to make NOAA an independent agency

NOAA has always been an awkward fit in the Department of Commerce.

The Independent UK

US economy slowed but still grew at 2.9% rate last quarter

The U.S. economy expanded at a 2.9% annual pace from October through December, ending 2022 with momentum despite the pressure of high interest rates and widespread fears of a looming recession

Tribune News Service

Key inflation gauge cools, US consumer spending misses forecasts

The Federal Reserve’s preferred inflation measures eased in November while consumer spending stagnated, suggesting the central bank’s interest-rate hikes are helping to cool both price pressures and broader demand — with more tightening on the way.

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