Senate confirms Howard Lutnick as Commerce secretary
The Senate on Wednesday confirmed Howard Lutnick will serve as Secretary of Commerce and approved a key member of President Trump's economic team amid rising trade tensions. The senator voted 51-45 in support of Lutonic's confirmation to lead the Department of Commerce, which has broad authority over US trade, shipping, infrastructure, communications, environmental surveillance and […]
Trump nominees for Commerce, Small Business headed for Senate floor
The senators on Wednesday proceeded with the nominations of Howard Lutnick and Kelly Loeffler. President Trump's election leads the Department of Commerce and Small Business Management (SBA), respectively. Both nominations have been reported by the committee and are heading to the floor of all Senators for consideration as Republicans step up their efforts to set […]
Trump Commerce pick slams China: 'Stop using our tools to compete'
Howard Lutonic, a candidate for the Ministry of Commerce, is suspected of competing with American artificial intelligence (AI) companies using US manufacturing technology after the US -made AI startup DeepSeek has swept the Internet and the stock market. I blamed China. “I think they are [China] Just care about yourself and try to hurt us. […]
Chamber of Commerce CEO touts small business: ‘state of American business is local’
Making Money host Charles Payne explains the importance of a stunning new small business report. Suzanne P. Clark, president and CEO of the U.S. Chamber of Commerce, spoke Thursday on “The State of American Business,” emphasizing the local impact of businesses and the importance of small businesses. Small businesses employ nearly half of the U.S. […]
Biden’s Commerce Sec Looking To Rush Every Dime She Can Out The Door Before Trump Takes Over
Outgoing Commerce Secretary Gina Raimondo is working to spend as much money as possible from President Joe Biden's signature bill before the incoming Trump administration takes office, according to Politico. Congress has greenlit $50 billion in subsidies for microchip manufacturing as part of Biden's CHIPS and Science Act of 2022, and Raimondo wants to make […]
Trump Expected To Tap Howard Lutnick To Run Commerce Department
President Donald Trump is expected to announce his nomination of Howard Lutnick, CEO of Cantor Fitzgerald and one of Wall Street's most prominent figures, to be secretary of commerce. The appointment underscores President Trump's penchant for placing business leaders with private sector pedigree, rather than traditional political experience, in key economic posts. Mr. Lutnick's selection […]
AmEx, US Chamber of Commerce Foundation team up on grants for Helene, Milton-hit small businesses
Reese May, SBP's chief strategy and innovation officer, will explain how disaster relief organizations, federal agencies, and volunteers can build a “more resilient future” for Gulf Coast communities. American Express and the U.S. Chamber of Commerce Foundation are partnering to provide funding to small businesses recovering from Hurricanes Helen and Milton. The Small Business Hurricane […]
Senators press Commerce Department to boost transparency about CHIPS Act contracts
A group of senators is calling on the Commerce Department to be more transparent about the terms of contracts entered into under the CHIPS and Science Act, saying the Commerce Department will ensure the U.S. semiconductor industry is “safe and sustainable.” It is argued that it is necessary to ensure that In a letter to […]
‘Haven’t Been Particularly Involved’ on Port Strike that ‘Could Be Incredibly Disruptive to Commerce’
Commerce Secretary Gina Raimondo, appearing in her personal capacity on behalf of the Harris campaign on CNBC's “Squawk Box” on Monday, said a potential port attack could have the biggest impact. He said there was “not a lot of focus” on location. She is not “particularly involved” in the strike issue, which she acknowledged “has […]
Harris surrogate Secretary of Commerce Gina Raimondo says we should ‘extinguish’ Trump ‘for good’
Harris' representative and President Biden's Secretary of Commerce Gina Raymond In an interview on Wednesday, less than two weeks after the second assassination attempt on President Trump, he called for the president to be eliminated “forever.” In an interview on MSNBC's “Morning Joe,” Raimondo criticized former President Trump's policy positions and said she felt compelled […]