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Stories tagged: Commerce Department

  • Construction spending up 0.5 percent in October

    U.S. builders boosted spending on construction projects by a modest amount in October, helped by big gains in spending on home construction and the biggest increase in government projects in …

  • U.S. economy grew at 3.2 percent in third quarter

    The U.S. economy in the third quarter grew at the fastest pace in two years, with a revised report showing stronger consumer spending than first estimated.

  • Sales of new homes decline to four-month low in October

    Purchases of new U.S. homes declined in October to a four-month low, showing the residential real estate market began to soften a month prior to a jump in borrowing costs.

  • Sales of new homes tumbled 7.6 percent in August

    Sales of new homes retreated in August, one month after surging to the highest level in nearly nine years. Activity fell in all regions of the country except the West.

  • Retail sales rose in May for 2nd straight month

    Retail sales last month rose 0.5 percent from April to $455.6 billion, the Commerce Department said Tuesday. It was the second straight month of increases.

  • Seattle federal worker who exposed veteran’s fraud on defensive

    A federal employee in Seattle helped expose a fraud in which an Army veteran lied his way to a Purple Heart and hundreds of thousands of dollars in government benefits. …

  • U.S. durable goods orders up, but business investment slips

    Orders to U.S. factories for long-lasting manufactured goods rose in April by the most since January. But much of the strength came from a surge in the volatile category of …

  • U.S. factory orders up 1.6 percent, best in 7 months

    Orders to U.S. factories increased in January by the most in seven months, while a key category that tracks business investment plans rose by the largest amount in 19 months.

  • Consumer spending up solid 0.5 percent in January

    Americans boosted their spending in January at the fastest pace in eight months, while their incomes increased by the largest amount since June. Both are signs that the economy got …

  • Obama taps Pritzker, Froman for economic jobs

    WASHINGTON — President Barack Obama is nominating longtime fundraiser and philanthropist Penny Pritzker to run the Commerce Department and economic adviser Michael Froman to be the U.S. Trade Representative.

  • Home price index shows first annual gain in 3 years

    Home prices in February posted their first annual increase since the end of 2006, lifted by temporary tax credits for homebuyers.

  • New home sales jump from record low

    Sales of new homes surged 27 percent last month, bouncing off the previous month’s record low and blowing past expectations as government incentives and better weather boosted sales.

  • Retail sales fall unexpectedly in March

    Retail sales fell unexpectedly in March, delivering a setback to hopes that the economy’s steep slide could be bottoming out.

  • Gregg abruptly drops bid for commerce secretary

    WASHINGTON – It was just Monday when President Barack Obama told a prime-time news conference that appointing three Republicans to his Cabinet reflected an “unprecedented” commitment to bipartisanship. But by …

  • In brief: Retail sales show rise in January

    U.S. retailers rang up their largest increase in sales in more than a year during January, rebounding strongly after a six-month string of sharp declines, the Commerce Department reported Thursday. …

  • Gregg accepts commerce nod

    WASHINGTON – In an unusual arrangement, Republican Sen. Judd Gregg agreed Tuesday to join the Obama administration as commerce secretary after the Democratic governor of New Hampshire agreed to appoint …

  • Senators don’t expect power shift

    WASHINGTON – President Barack Obama is expected to pick a Republican senator, Judd Gregg of New Hampshire, as his commerce secretary soon. But officials expect the state’s Democratic governor, John …

  • GOP senator may be choice for Commerce

    WASHINGTON – Sen. Judd Gregg, R-N.H., is under consideration for the Commerce secretary post in President Barack Obama’s Cabinet, raising the prospect that Democrats could gain a filibuster-proof majority of …



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