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Consumers Kept Up Their Spending in October, Even as Prices Rose

Commerce Department Federal Reserve System Income Inflation (Economics) Labor and Jobs Personal Finances United States Economy

Consumers Kept Up Their Spending in October, Even as Prices Rose

Consumption climbed and personal income rose, even after accounting for inflation, new data from the Commerce Department showed.

By Jeanna Smialek

Commerce Department Computer Chips Content Type: Personal Profile International Trade and World Market Raimondo, Gina M Regulation and Deregulation of Industry Rhode Island United States Economy United States International Relations United States Politics and Government

Gina Raimondo, a Rising Star in the Biden Administration, Faces a $100 Billion Test

Gina Raimondo, the commerce secretary, has made a career of tackling increasingly larger challenges. Could the next one be too big?

By Ana Swanson

US Economy Grew at 2.6% Annual Rate in Q3, GDP Report Shows

Commerce Department Consumer Behavior Factories and Manufacturing Federal Reserve System Gross Domestic Product Inflation (Economics) Interest Rates International Trade and World Market Recession and Depression United States Economy

US Economy Grew at 2.6% Annual Rate in Q3, GDP Report Shows

Gross domestic product increased 0.6 percent after two quarters of decline, but key components continue to show an economic slowdown.

By Ben Casselman

Biden’s ‘Made in America’ Policies Anger Key Allies

Commerce Department Electric and Hybrid Vehicles Europe European Union Factories and Manufacturing Far East, South and Southeast Asia and Pacific Areas Inflation Reduction Act of 2022 International Trade and World Market Office of the United States Trade Representative Tax Credits, Deductions and Exemptions United States International Relations

Biden’s ‘Made in America’ Policies Anger Key Allies

The president’s plans to bolster America’s electric vehicle and battery production have opened a rift in relationships in Asia and Europe.

By Alan Rappeport