Josh Boak
Commerce Head Gina Raimondo Aims to Bring Chip Manufacturing to the US
Commerce Secretary Gina Raimondo shows her Bulova watch. (Alex Brandon/AP)
President Joe Biden has tasked Commerce Secretary Gina Raimondo with ensuring the United States will be the world leader in computer chips.
October 18, 2021White House Targets Economic Risks From Climate Change
President Joe Biden delivers remarks from the White House on June 23. (Oliver Contreras/Bloomberg News)
WASHINGTON — The Biden administration is taking steps to address the economic risks from climate change, issuing a 40-page report Oct. 15 on governmentwide plans to protect the financial, insurance and housing markets and the savings of American families.
October 15, 2021Biden to Launch Task Force on Bottlenecks in Supply Chains
A warehouse worker with a forklift. (Getty Images)
WASHINGTON — The Biden administration has completed a 100-day review of supply chains and will form a task force to address the bottlenecks in the semiconductor, construction, transportation and agriculture sectors.
June 8, 2021Biden Warns Against Gas Price Gouging After Cyberattack
President Joe Biden delivers remarks about the Colonial Pipeline hack from the White House on May 13. (Evan Vucci/Associated Press)
President Joe Biden warned gasoline stations not to engage in any price gouging as motorists wait for fuel to start flowing reliably through the Colonial Pipeline, which reopened on May 12 after falling victim to a cyberattack.
May 13, 2021White House Grades States’ Infrastructure as It Pushes Bill
President Joe Biden and Vice President Kamala Harris meet with lawmakers to discuss the American Jobs Plan. (Patrick Semansky/Associated Press)
WASHINGTON — President Joe Biden wants Congress to know he’s sincere about cutting a deal on infrastructure, but the White House is also highlighting needed repairs and upgrades state-by-state that cost far more than what Republicans are willing to spend.
April 12, 2021CBO Projects 4.6% Growth, Jobs Lag in 2021
An empty storefront along East Carson Street in the Southside neighborhood of Pittsburgh. (Keith Srakocic/Associated Press)
The U.S. economy is projected to grow at a robust 4.6% annual rate this year, but employment isn’t expected to return to pre-pandemic levels until 2024, the Congressional Budget Office said Feb. 1.
February 1, 2021US Sales of Existing Homes Jump 20% After 3-Month Slump
A "For Sale" sign stands in front of a home in Monroe, Wash., on April 1. (Elaine Thompson/Associated Press)
Americans stepped up their home purchases in June by a robust 20.7% after the pandemic had caused sales to crater in the prior three months. But the housing market could struggle to rebound further in the face of the resurgent viral outbreak and a shrinking supply of homes for sale.
July 22, 2020Survey: 2.76 Million Layoffs in May, Far Fewer Than Expected
A man looks at signs of a closed store due to COVID-19 in Niles, Ill., on May 21. (Nam Y. Huh/Associated Press)
U.S. businesses shed 2.8 million jobs in May, significantly less than the 9.3 million job losses that were expected.
June 3, 2020New-Home Sales Climbed 7.9% in January
Charles Krupa/AP
WASHINGTON — U.S. sales of new homes jumped 7.9% in January to the fastest pace in more than 12 years, a positive sign for economic growth.
February 26, 2020US Adds 145,000 Jobs; Unemployment Holds at 3.5%
Lynne Sladky/AP
WASHINGTON — U.S. employers downshifted their hiring in December, adding 145,000 jobs as consumer spending appeared to aid gains in the retail and hospitality sectors.
January 10, 2020