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
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.