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The Latest Breaking News from Commerce Department

Two US cost gauges surpass estimates, stoking inflation concern

Two key U.S. inflation gauges posted larger-than-forecast increases on Friday, heightening concerns that prices will remain persistently high and prompt continued aggressive interest-rate increases from the Federal Reserve.

Tribune News Service

Why is it so hard to say if this is a recession?

Economists were on high alert Thursday morning awaiting data from the U.S. Commerce Department that might shed light on whether the country is in a recession — a question with vast implications for consumers, employers and electoral politics.

Los Angeles Times

Semiconductor, science bill passes Senate, heads to House

WASHINGTON — A bill to bolster chip manufacturing and scientific research won Senate approval, setting Congress up to clear a trimmed economic competitiveness package after a yearlong-plus push.

Tribune News Service

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Semiconductor, science bill passes Senate, heads to House - Roll Call

A bill to bolster chip manufacturing and scientific research won Senate approval, setting Congress up to clear it by week's end.

Roll Call

Another big Fed rate hike is here to battle inflation. Economy hangs in balance

U.S. Federal Reserve raises rates for fourth time in 2022, this time by another three-quarters of a percentage point to battle inflation. It's at a size and pace we haven't seen since the 1980s.

WEKU

How the 'chips-plus' bill grew by nearly 1,000 pages - Roll Call

A handful of senators said they wouldn’t support a semiconductors incentive bill unless it also included science provisions.

Roll Call

Biden: "We're not going to be in a recession"

The Commerce Department will release its initial estimate of second-quarter growth on Thursday.

Axios

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Democrats blast Commerce Department for overseeing heavy increase in gun exports

WASHINGTON — Democrats in the House and Senate are rebuking the Biden administration over a decision to leave in place a Trump-era regulatory change that detractors argue caused gun exports to soar, including to countries with poor human rights track records.

Tribune News Service

Democrats blast Commerce for overseeing heavy increase in gun exports - Roll Call

Countries with high rates of gun violence and problematic human rights records are among the top destinations for U.S. firearms.

Roll Call

Lawmakers press Commerce secretary over Big Tech ties

WASHINGTON — Two influential progressive lawmakers are raising concerns about what they say is excessive corporate influence at the Commerce Department, escalating a clash between the left wing of the Democratic Party and Commerce Secretary Gina Raimondo.

Tribune News Service

Exclusive-U.S. probes China's Huawei over equipment near missile silos

The Biden administration is investigating Chinese telecoms equipment maker Huawei over concerns that U.S. cell towers fitted with its gear could capture sensitive information from military bases and missile silos that the company could then transmit to China, two people familiar with the matter said.

Reuters

Secret memo links citizenship question to apportionment

Some Trump administration officials had initial doubts that it was legal to put a citizenship question on the 2020 census but pressed forward and attempted to add it anyways

The Independent UK

Documents detail the secret strategy behind Trump's census citizenship question push

Newly released documents confirm the Trump administration's push for a citizenship question was part of a bid to alter the census numbers used to divide up seats in Congress and the Electoral College.

WEKU

Biden administration reviewing China chip export policies, official says

The Biden administration is reviewing policies for the export of some semiconductor chips to China to ensure that advanced technological know-how does not ending up in Beijing, a top Commerce Department official said during a congressional hearing on Thursday.

Reuters

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WEKU

A new bill could help protect the census after Trump-era interference

After years of census meddling by former President Donald Trump's administration, Rep. Carolyn Maloney, D-N.Y., has introduced a bill that could help protect future counts from interference.

Reuters

China not giving material support for Russia's war in Ukraine -U.S. official

The United States has not seen China evade sanctions or provide military equipment to Russia, a senior U.S. official said on Thursday, adding that enforcement measures taken earlier in the week targeted certain Chinese companies, not the government.

Irish Mirror

US blacklists five Chinese companies for supporting Russian military

The Group of Seven economic powers includes Canada, France, Germany, Italy, Japan, the UK and the US.

WEKU

Biden allows solar panel imports while also moving to boost domestic production

The Biden administration will invoke the Defense Production Act to increase U.S. manufacturing of solar panels while declaring a two-year tariff exemption on panels from Southeast Asia.

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The Independent UK

Biden waives solar panel tariffs, seeks to boost production

President Joe Biden plans to invoke the Defense Production Act to increase U.S. manufacturing of solar panels while declaring a two-year tariff exemption on panels from Southeast Asia

Los Angeles Times

Biden aims to jump-start solar energy projects stalled by probe

WASHINGTON — President Joe Biden will look to boost the new energy sector with actions Monday aimed at increasing the production and installation of solar panels, according to a senior administration official.

Axios

Biden administration to invoke Defense Production Act for solar industry, other clean tech

Solar developers say an ongoing trade enforcement probe has stalled new projects.

Roll Call

Biden taps brakes on solar tariffs, moves to boost clean energy - Roll Call

The White House says a Commerce Department investigation of solar-energy components from China will continue, but stops tariffs for two years.

Roll Call

Biden outlines economic framework for US, Asian nations - Roll Call

President Biden, on a trip to Tokyo, lays out an economic framework for the US and 12 other countries to counter China's influence.

The Independent UK

EXPLAINER: What's in Biden's proposed new Asia trade pact?

President Joe Biden faced a dilemma on trade in Asia: He couldn’t just rejoin the Trans-Pacific Partnership that his predecessor had pulled the U.S. out of in 2017

Axios

White House tries to soothe China solar panel probe fallout

The Biden administration is trying to mitigate political fallout of its own making.

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