Tag Archives: Secretary

Is there a budding bromance between Tesla CEO and U.S. Labor Secretary Walsh? We wouldn’t go that far, but at least the two global influencers met at last. Musk gave Walsh a tour of Tesla’s new Gigafactory in March. The tour came after Walsh said on Yahoo Finance Live he welcomed a call from the EV titan. “We had a good conversation,” Walsh said on Yahoo Finance Live. The meeting marks the first public olive branch by the Biden administration to connect with the outspoken Musk, which is fresh… Source link

Transportation Secretary Pete Buttigieg acknowledges already fragile global supply chains have been dealt a twin blow from Western sanctions on Russia for its war on Ukraine and fresh lockdowns in China due to renewed COVID-19 outbreaks. “Well, they are major curveballs for the economy and for the supply chain,” Buttigieg told Yahoo Finance. “And this is exactly why we’ve been so focused on making our supply chains more resilient. We don’t know what the next shot is going to be — a… Source link

One day after Russia revealed that it had detained seven-time WNBA all-star Brittney Griner on drug charges, U.S. Secretary of State Antony Blinken was asked what the Biden Administration planned to do to help her. Blinken, speaking Sunday from Moldova, was reluctant to comment specifically on Griner, citing “privacy considerations.” Answering generally, Blinken told reporters, “Whenever an American is detained anywhere in the world, we of course stand ready to provide every possible… Source link

U.S. Commerce Secretary Gina Raimondo says it’s high time for lawmakers to pass legislation that helps end a crippling pandemic-fueled semiconductor shortage that has been going on for a longer than a year.  “It’s a crisis,” Raimondo said of the shortage on Yahoo Finance Live.  Findings from a new Commerce Department survey underscore the extent of that crisis.  The median inventory of semiconductor products highlighted by buyers has fallen from 40 days in 2019 to less than five days in… Source link

Omicron, the latest variant of COVID-19, has hit certain sectors of the economy hard, causing labor shortages and child care issues and making some Americans wary again of dining out. But in a new interview with Yahoo Finance this week, Commerce Secretary Gina Raimondo offered hopeful news from business leaders she’s spoken with recently amid all of this uncertainty. “They see [the problem] as short term,” said Raimondo, who sat down in Washington, DC for an upcoming episode of Influencers… Source link

Secretary of Transportation Pete Buttigieg oversees a giant chunk of the new $1 trillion infrastructure bill: Roads, bridges, ports, airports, railways, and more fall under his purview. It’s around half of the $550 billion in new spending, including $110 billion toward surface transportation, another $105 billion for rail, and $42 billion for seaports and airports. During a conversation with Yahoo Finance Live on Monday, Buttigieg laid out next steps once the “ink is dry” on the bill to get… Source link

Transportation Secretary Pete Buttigieg told Yahoo Finance Live supply chain bottlenecks at the country’s major ports will likely persist for the foreseeable future.  “We are definitely seeing some immediate impacts of the immediate steps that we have taken, but the honest answer I can give you, as long as the pandemic continues, there will be disruptions,” Buttigieg explained.  The supply chain bottlenecks triggered by the pandemic continue to have multiple effects on the U.S. economy.  For… Source link

Don’t expect the semiconductor shortage to be solved anytime soon. “The semiconductor situation is going to take a long time to fix,” Secretary of Commerce Gina Raimondo said at the Milken Institute Global Conference this week. “This is one I feel confident saying it’s not going to be fixed in a month or two, or six, or 12 months.” Raimondo has been at the center of the government’s efforts to help semiconductor companies work through their bottlenecks, hosting multiple gatherings… Source link

Corporate tax increases are necessary for the U.S. to better compete globally, U.S. Commerce Secretary Gina Raimondo told Yahoo Finance Live in an interview. House Democrats are out with a proposal to raise the tax rate on companies with income of at least $5 million to 26.5%.  “If American business is going to compete, we need these investments,” Raimondo said. “And then the question is, how do you pay for them. I don’t know any business leader who thinks that it would be… Source link

When it looks like the U.S. has the answers to the pandemic, COVID-19 keeps changing the questions. Parents and teachers must now contend with the Delta variant as millions of students starting or preparing to go back to school. U.S. Secretary of Education Miguel Cardona told Yahoo Finance that he is paying attention not just as a federal official but also as a father. “I want to make sure that when my children return to school, I’m sending them to an environment that’s taking all the… Source link