Senate’s Bipartisan Chips Bill Would Add $79 Billion to US Deficit
The Senate’s bipartisan bill to strengthen the nation’s technology sector in the face of Chinese competition was estimated July 21 to increase U.S. budget deficits by $79 billion over a decade if enacted.
Chips Bill Gains Steam in Senate Despite Last-Minute Lobbying
A drive in the Senate to quickly pass $52 billion in grants and incentives for U.S. semiconductor manufacturing picked up steam in Congress despite last-minute lobbying for changes.
Supply Chains Inching Back to Normal, Brace for Headwinds of Softer Demand
Rock guitarist Jack White, who extended his “Supply Chain Issues Tour” into October, might want to name his band’s next road trip after a different villain. That’s because supply strains, while still afflicting many consumers and businesses, are becoming more mundane.
Railroad Workers Being ‘Ground to Dust,’ AFL-CIO Head Says
Efforts by national freight rail carriers to increase efficiency are having the opposite effect, a union official said July 12. Demoralized workers are leaving the industry, causing delays and damage to the national supply chain, said Greg Regan, president of the Transportation Trades Department of the AFL-CIO.
Truckers Protest AB 5 Law at Three California Ports
Truckers servicing the California port gateways of Los Angeles, Long Beach and Oakland staged protests July 13 as state-level labor rules that change their employment status begin to go into effect, creating another potential choke point in stressed U.S. supply chains.
Logistics Gauge Shows Economy Downshifting Into Second Half
An indicator of U.S. supply chain pressure fell to the lowest level in two years, as a sharp drop in transportation costs underscores the slowdown in the nation’s economy heading into the second half of the year.
West Coast Dockworkers Extend Labor Talks
The union representing about 22,000 West Coast dockworkers and their employers will continue negotiations for a new labor contract past the July 1 expiration of their current pact and said the ports — among them the U.S.’s busiest — will keep functioning.
US Will Face High Gas Prices ‘as Long as It Takes,’ Biden Says
President Joe Biden said Americans will have to stomach high gas prices “as long as it takes” to beat back Russian President Vladimir Putin’s invasion of Ukraine.
Where the Supply Chain Recovery Stands
Two years into the crisis that disrupted global supply chains, the busiest port complex in the U.S. is still battling bottlenecks across the board.
US Ports Face Renewed Congestion Amid China Reopening
As China lifts its latest coronavirus lockdowns, experts worry the resulting influx of goods flowing from the country could renew bottlenecks at ports in the United States.