The Latest Breaking News from Gina Raimondo

WASHINGTON: President Joe Biden on Monday pushed Congress to pass a bill providing domestic semiconductor manufacturers with $52 billion in subsidies to cut reliance on foreign sourcing for the vital component.

Washington (AFP) - President Joe Biden on Monday pushed Congress to pass a bill providing domestic semiconductor manufacturers with $52 billion in subsidies to cut reliance on foreign sourcing for the vital component.

Calling semiconductors “the building blocks for the modern economy,” President Joe Biden is asking Congress to move quickly and send him a bipartisan bill designed to boost the computer chips industry and high-tech research in the United States

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.

A bill that would provide grants, tax credits and other incentives for computer chip manufacturing may soon see action in the Senate

Negotiations on a broader China competition bill have been frozen.

The Biden administration and Democrats are warning of dire consequences if Congress fails to act on computer chips legislation

Commerce Secretary Gina Raimondo on Sunday predicted slower economic growth as the country grapples with inflation but said that won’t necessarily mean a recession, which is marked by two straight quarters of negative economic growth.

Saudi Minister of Commerce Majid al-Qasabi met with US Secretary of Commerce Gina Raimondo in Washington on Thursday to discuss advancing bilateral trade relations. Qasabi, who headed a delegation from the Kingdom, said the talks are part of both countries' keenness to increase coordination according to a joint action plan…

The issue has divided Biden's top advisers.

Washington (AFP) - In an effort to win back billions of dollars in tourism revenue lost during the Covid-19 pandemic, the US government on Monday launched a plan to attract 90 million international travelers a year.