Secretary of Commerce Gina Raimondo has accused Senate minority leader Mitch McConnell of playing politics with U.S. national Security by threatening to block the CHIPS Act.
"Congress needs to pass the CHIPS Act," she said in an interview Sunday, referring to one of two bills that would increase the domestic supply of semiconductors and also start a supply chain office in the Department of Commerce.
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Political News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.