Tag: Commerce Department

Biden Calls on World to Punish Russia for Attempt to Annex Ukrainian Land

WASHINGTON — President Biden condemned Russia’s claimed annexation of captured Ukrainian territory on Friday, responding to Moscow’s latest escalation with a range of sanctions and a warning to President Vladimir V. Putin that the United States would defend “every single inch” of NATO territory from a potential attack. Hours after Mr. Putin gave a speech […]

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Biden Administration Releases Plan for $50 Billion Investment in Chips

With midterm elections fast approaching, the Biden administration is under pressure to demonstrate that it can use this funding wisely and lure manufacturing investments back to the United States. The Commerce Department is responsible for choosing which companies receive the money and monitoring their investments. In its strategy paper, the Commerce Department said that the […]

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U.S. Economy Shows Another Decline, Fanning Recession Fears

A key measure of economic output fell for the second straight quarter, raising fears that the United States could be entering a recession — or perhaps that one had already begun. Gross domestic product, adjusted for inflation, fell 0.2 percent in the second quarter, the Commerce Department said Thursday. That drop followed a decline of […]

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Is the US in a recession? It depends on who you ask

The Commerce Department released data on Thursday showing that the U.S. gross domestic product (GDP) shrunk for a second consecutive quarter.   The data prompted media headlines warning about the increased possibility of a recession and outcry from Republicans, quick to slam President Biden for his economic policies.   For its part, the Biden administration […]

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New Findings Detail Trump Plan to Use Census for Partisan Gain

A new stash of documents obtained by Congress has confirmed that the Trump administration pushed to add a citizenship question to the census to help Republicans win elections, not to protect people’s voting rights, a House committee report concluded on Wednesday. The report from the Committee on Oversight and Reform, the culmination of a yearslong […]

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