A top Republican lawmaker has urged President Biden’s Commerce Department to probe whether Microsoft’s business in China is a national security risk – after The Post highlighted growing fears on Capitol Hill that the Big Tech giant was getting too cozy with Beijing as it develops AI technology. A scathing letter by Rep. Pat Fallon … Read more
More than a year after President Biden signed the CHIPS and Science Act into law, the Commerce Department is pushing to get billions of dollars in semiconductor manufacturing and research incentives out the door. But the government is set to run out of money Nov. 17, and a potential shutdown — which could slow down … Read more
WASHINGTON (AP) — Signs that inflation pressures in the United States are steadily easing emerged Friday in reports that consumer prices rose in June at their slowest pace in more than two years and that wage growth cooled last quarter. Together, the figures provided the latest signs that the Federal Reserve’s drive to tame inflation may succeed … Read more