The grant will go toward chips for the auto and defense industries, and is the largest award to date from $39 billion in government funding.
Category: United States Economy
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Three Lessons From a Surprisingly Resilient Job Market
The recovery from the pandemic lockdowns has prompted economists to consider whether their playbook is outdated or just missing a page.
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A Hot CPI Report Forces a Rethink of Chances of a Soft Landing
Worries of higher-for-longer interest rates have grown since Tuesday’s Consumer Price Index report.
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Can America Turn a Productivity Boomlet Into a Boom?
After drooping in 2022, the output of U.S. businesses per worker has surged. Economists wonder if the trend can continue, and who will benefit most.
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Inflation Was Higher Than Expected in January, a Worrying Sign for the Fed
Overall prices cooled slightly from a year ago, but the report included worrying signs for the Federal Reserve.
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This Arctic Circle Town Expected a Green Energy Boom. Then Came Bidenomics.
Generous subsidies are helping the United States steal green industries from Europe, as countries race to secure the energy supplies of the future.
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Stocks Sink as Stubborn Inflation Resets Fed Rate Forecasts
A hotter-than-expected inflation report led investors to push out their expectations for Federal Reserve rate cuts until later in the year.
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Latest CPI Report Is a Crucial Inflation Report Card
Investors and the White House will pore over the latest Consumer Price Index report for clues on prices — and potential interest rate cuts.
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Why the Cost of Biden’s Climate Law Keeps Going Up
Forecasters say the president’s clean-energy incentives will be more effective than they had originally expected, in part because of new federal regulations.
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U.S. Debt on Pace to Top $54 Trillion Over Next 10 Years
Congressional Budget Office projections released on Wednesday said a growing economy and recent spending cuts had slowed deficits.