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Localized flooding in Washington state from another in a series of rainstorms doesn’t appear to be as severe as an extreme weather flooding event earlier in the month.

West Fraser Timber Co. Ltd., one of Canada’s largest lumber producers, said shipments plunged about 25% to 30% in the second half of the month following severe flooding in British Columbia.

The U.S. will proceed with its plan to release 50 million barrels of oil from its strategic reserves despite a new coronavirus variant triggering a sharp drop in crude prices.

President Joe Biden has created a Cabinet-level task force that will set priorities and oversee implementation of the comprehensive $1 trillion infrastructure bill that he signed into law on Nov. 15.

President Joe Biden said his administration has made strides toward relieving U.S. supply chain disruptions, as he met Nov. 29 with the leaders of major retailers including Walmart Inc. who assured him they have ample inventories for the holiday season.

Commerce Secretary Gina Raimondo on Nov. 29 will make the case for more domestic production of semiconductors in a pitch aimed at the administration’s goal to have 50% of U.S. vehicles be electric by the end of the decade.

BUDAPEST, Hungary — From appliance stores in the United States to food markets in Hungary and gas stations in Poland, rising consumer prices fueled by high energy costs and supply chain disruptions are putting a pinch on households and businesses worldwide.

WASHINGTON — The number of Americans applying for unemployment benefits plummeted last week to the lowest level in more than half a century, another sign that the U.S. job market is rebounding rapidly from last year’s coronavirus recession.

WASHINGTON — President Joe Biden will require essential, nonresident travelers crossing U.S. land borders, such as truck drivers, government and emergency response officials, to be fully vaccinated beginning on Jan. 22, the administration is planning to announce.