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Commerce Department

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The milk section of a grocery store is pictured in Los Angeles

Nation May 27

Key measure of inflation slows for the first time in months, offering hope that high prices may start to fall

By Christopher Rugaber, Associated Press

Economy Apr 29

The Department of Commerce building is seen in Washington, DC
A key inflation gauge jumped 6.6 percent in March, possibly nearing a peak

An inflation gauge closely tracked by the Federal Reserve surged 6.6% in March compared with a year ago, the highest 12-month jump in four decades and further evidence that spiking prices are pressuring household budgets and the health of the…

By Christopher Rugaber, Associated Press

Economy Jan 25

U.S. Secretary of Commerce Gina Raimondo speaks during a high speed internet event at the Eisenhower Executive Office Building's South Court Auditorium at the White House in Washington, U.S., June 3, 2021. Photo by Evelyn Hockstein/REUTERS
U.S. warns that computer chip shortage could shut down factories

The chips used in the production of automobiles and medical devices are especially scarce. The department said demand for chips was up 17 percent last year from 2019.

By Associated Press

Economy Dec 22

United States President Joe Biden walks on the South Lawn of the White House before boarding Marine One in Washington. Photo by Ting Shen/POOL via CNP/INSTARimages/Cover Images
WATCH: Biden speaks on supply chain issues, economic growth

Biden said that retail inventories are up 3 percent from last year and on-shelf availability for products is at 91 percent, close to where it was before the pandemic.

By Associated Press

Economy Apr 29

U.S. economy accelerated at a robust 6.4 percent rate last quarter

Powered by consumers, the U.S. economy grew at a brisk 6.4% annual rate last quarter — a show of strength fueled by government aid and declining viral cases that could drive further gains as the nation rebounds with unusual speed…

By Martin Crutsinger, Associated Press

Jan 28

U.S. economy shrank 3.5 percent in 2020 after growing 4 percent last quarter

By Martin Crutsinger, Associated Press

Stuck in the grip of a viral pandemic, the U.S. economy grew at a 4 percent annual rate in the final three months of 2020 and shrank last year by the largest amount in 74 years.

Continue reading

Nov 06

3rd court blocks Trump’s order on congressional seat count

By Mike Schneider, Associated Press

A panel of three judges on Friday ruled that President Donald Trump's effort to exclude people in the country illegally from the numbers used for dividing up congressional seats is unlawful.

Continue reading

Oct 29

U.S. economy grew at 33 percent rate in third quarter, but recovery is incomplete

By Martin Crutsinger, Associated Press

The U.S. economy grew at a sizzling 33.1% annual rate in the July-September quarter — by far the largest quarterly gain on record — rebounding from an epic plunge in the spring, when the eruption of the coronavirus closed businesses…

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Jun 25

U.S. GDP fell at 5.0% rate in first quarter, but worse is expected to come

By Martin Crutsinger, Associated Press

The U.S. economy shrank at a 5.0% rate in the first quarter with a much worse decline expected in the current three-month economic period because of the coronavirus pandemic.

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May 15

U.S. imposes new restrictions on Chinese tech giant Huawei

By Associated Press

In an effort to cut off Huawei’s undermining of existing U.S. sanctions, the U.S. government is imposing new resctrictions on the Chinese tech giant by limiting its ability to use American technology to build its semiconductors.

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Full Episode
Sunday, Jul 3

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