U.S. Department of Commerce
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Recent News About U.S. Department of Commerce
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U.S. Secretary of Commerce Gina Raimondo held a meeting with Italian Prime Minister Giorgia Meloni to delve into various aspects of the U.S.-Italy commercial relationship and cooperation within the G7. The discussions also touched upon critical transatlantic issues of concern.During the meeting, Secretary Raimondo emphasized the importance of the U.S.-Italy commercial relationship, stating, "Today, U.S. Secretary of Commerce Gina Raimondo met with Italian Prime Minister Giorgia Meloni to discuss the U.S.-Italy commercial relationship and cooperation within the G7."...
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Deputy Secretary of Commerce Don Graves commended the efforts of the National Oceanic and Atmospheric Administration (NOAA) in tackling the challenges posed by extreme heat events during a press event held on April 23, 2024. Graves expressed gratitude towards Dr. Spinrad and the entire NOAA team for their contributions to the event and highlighted the importance of NOAA's work in building a climate-ready nation.Graves emphasized the increasing impact of extreme heat waves on millions of Americans, attributing their intensity, frequency, and duration to climate change. He...
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Commerce employees are celebrating Earth Day with enthusiasm and dedication to environmental causes. The Office of Sustainable Energy and Environmental Programs (OSEEP) expressed its joy on this special day, stating, "Happy Earth Day from the Office of Sustainable Energy and Environmental Programs (OSEEP)!"In a show of commitment to sustainability, many employees have been actively engaging in outdoor activities and taking steps to reduce plastic waste. OSEEP remarked, "It's inspiring to see so many Commerce employees embracing the great outdoors and making efforts to...
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Secretary of Commerce Gina Raimondo met with Ukrainian Prime Minister Denys Shmyhal ahead of the second Ukraine Partnership Forum. During the meeting, Secretary Raimondo reiterated the Department of Commerce’s continued support for Ukraine as it defends itself against Russian aggression. She updated the Prime Minister on the Department’s engagement with the U.S. private sector on Ukraine’s defense and reconstruction objectives.The two also discussed the Department’s work with partners in coordinating export controls and restricting sales of advanced technologies to...
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The United States and the United Kingdom have embarked on a collaborative venture focusing on the Science of AI Safety. This partnership will see the two nations' Safety Institutes joining forces to conduct research, safety evaluations, and provide guidance for AI safety within their respective countries.
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The United States - European Union Trade and Technology Council Talent for Growth Task Force has completed its work. Although the Task Force's activities, announced in December 2022, have come to an end, collaboration from the private sector continues.
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In 2023, U.S. consumers expended $147 billion on pet products and services, as reported by the American Pet Products Association (APPA). The association also predicts steady year-over-year growth through 2030, with anticipated expenditures reaching a staggering $250 billion.
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David Kappos is a partner at Cravath, Swaine and Moore. He is also the former undersecretary for intellectual property at the US Department of Commerce and former head of the US Patent and Trademark Office.
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The Mortgage Bankers Association's (MBA) Purchase Applications Payment Index (PAPI) data for February indicates a rise in the monthly cost of home ownership. The national median payment applied for by purchase applicants escalated from $2,134 in January to $2,184 in February.
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The Economic Advisory Committee of the American Bankers Association (ABA) this week released a forecast indicating a decreased risk of recession, with inflation expected to moderate and employment gains to remain strong. The committee also predicts a transition to a soft easing cycle by the Federal Reserve, commencing around mid-year.
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Last week, hundreds of travel delegates from across the United States gathered on Capitol Hill for the U.S. Travel Association’s (USTA) legislative fly-in, Destination Capitol Hill. Armed with data and a set of requests, they sought to engage lawmakers in their cause.
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President Biden's proposed budget for the 2025 fiscal year aims to bolster American innovation and competitiveness, with a particular focus on the U.S. Department of Commerce. The budget outlines $4 billion in mandatory funding and $11.4 billion in discretionary funding, earmarked to support the essential priorities of the Commerce Department.
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The U.S. Department of Commerce has granted Intel a sum of $8.5 billion through the Investing in America Agenda for initiating projects in Arizona, New Mexico, Ohio, and Oregon. This investment, facilitated under the Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act, aims to fortify the supply chain of the U.S. Semiconductor Industry as the nation seeks to broaden its domestic market.
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David Williams, president of the Taxpayers Protection Alliance (TPA) said it is “absolutely ridiculous” that “Congress has no oversight” of the Consumer Financial Protection Bureau (CFPB).
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The Plastics Industry Association (PLASTICS) has unveiled the tenth video in its "Recycling is Real" campaign. The campaign aims to promote and raise awareness about plastic recycling in the United States.
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The president and CEO of the American Financial Services Association (AFSA) today asked the Consumer Financial Protection Bureau (CFPB) to use “the well-accepted administrative rulemaking process” instead of what he said are “one-off and nontransparent enforcement proceedings.”
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The U.S. Department of Commerce has declared that the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act is allocating funds to provide opportunities for companies to expand U.S. Semiconductor Packaging. The fresh funding aims to solicit applications for research and development that will aid in expediting the domestic capacity for advanced packaging substrates, a critical technology for manufacturing semiconductors.
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The Intermodal Motor Carriers Conference (IMCC) of the American Trucking Association (ATA) has expressed approval for a new rule by the Federal Maritime Commission (FMC). This rule provides clarification on how shippers are billed for detention and demurrage charges. Both the IMCC and ATA had previously urged Congress to provide this clarification during the passage of the Ocean Shipping Reform Act in 2022.
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The American Gaming Association (AGA) has reported that commercial gaming revenue in the United States reached a total of $66.5 billion in 2023. This figure represents a 10% increase from the $60.5 million generated in 2022, marking the third consecutive year of record revenue.
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The United States Department of Commerce has announced a preliminary agreement with Global Foundries, aiming to bolster the domestic microchip supply. The agreement includes $1.5 billion in potential funding to support projects in New York and Vermont, expected to create approximately 10,500 jobs.