Biden Calls OPEC+ Cut ‘Unnecessary,’ Signals New US Releases
President Joe Biden called plans by OPEC+ to cut output targets by 2 million barrels a day “unnecessary,” and the White House said more releases from U.S. petroleum reserves are possible.
October 5, 2022Biden Meets With CEOs of Walmart, CVS on Holiday Supply Chain
President Joe Biden said his administration has made strides toward relieving U.S. supply chain disruptions, as he met Nov. 29 with the leaders of major retailers including Walmart Inc. who assured him they have ample inventories for the holiday season.
November 29, 2021US Weighs China Trade Probe
The Biden administration is weighing a new investigation into Chinese subsidies and their damage to the U.S. economy as a way to pressure Beijing on trade, people familiar with the matter said.
September 10, 2021Foreign Chipmakers Could Get Funding Aid, Raimondo Says
President Joe Biden will ultimately decide whether foreign chip producers will receive some of the $52 billion in funding planned to help ease the shortage that has hammered manufacturing, Commerce Secretary Gina Raimondo said.
July 28, 2021Biden Team Plans for Chips Funding Before Congress Acts
The Biden administration is laying the groundwork to spend roughly $52 billion on semiconductor research and manufacturing even as it’s awaiting congressional approval of the funding, Commerce Secretary Gina Raimondo said.
July 22, 2021Chip Relief on Horizon for Vehicle Makers
Biden administration officials say they’re starting to see signs of relief for the global semiconductor supply shortage, including commitments from manufacturers to make more automotive-grade chips for car companies that have had to idle production.
July 20, 2021US Seeks Sharing of Chip Supply Information to Ease Crunch
Commerce Secretary Gina Raimondo said the Biden administration is exploring how to help semiconductor producers and buyers share supply chain information to alleviate the global chip supply crisis, and urged Congress to swiftly pass legislation to fund domestic production.
May 21, 2021Biden Meeting to Test Support for Infrastructure Plan in Congress
President Joe Biden will meet with Republican and Democratic members of Congress on April 12 to discuss his $2.25 trillion plan to build U.S. infrastructure, an early test of political support for the proposal.
April 9, 2021Biden Team Pledges Aggressive Steps to Address Chip Shortage
The Biden administration is working to address the global semiconductor shortage that has caused auto manufacturers and other U.S. industries to halt production, a White House official said.
February 11, 2021Pelosi Calls USMCA ‘Easiest Trade Deal,’ Sees Vote When Ready
House Speaker Nancy Pelosi said President Donald Trump’s USMCA deal is the “easiest trade deal that we’ve ever done.”
November 1, 2019