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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Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.