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President-elect Joe Biden has chosen Rhode Island Gov. Gina Raimondo as his nominee for commerce secretary, a person familiar with the matter said Jan. 7.

The U.S. trade deficit widened to the second largest on record in November as merchandise imports reached a more than one-year high in the midst of the holiday shopping season, causing the shortfall in goods to climb to the highest yet.

Chances of another federal stimulus package got a boost as Democrats swept this week’s Senate runoff elections in Georgia, offering the prospect of more support for people and businesses hammered by the pandemic.

The top Democrat on the committee on highway policy in the U.S. Senate is urging his colleagues to promptly confirm Pete Buttigieg as the country’s next transportation secretary.

The Federal Highway Administration recently awarded $49.6 million to support projects that incorporate transportation-related technologies.

The U.S. Department of Labor on Jan. 6 issued a final rule revising its interpretation of independent contractor status under the Fair Labor Standards Act that it said will “promote certainty for stakeholders, reduce litigation and encourage innovation in the economy.”

A new government report says gas mileage for new vehicles dropped and pollution increased in model year 2019 for the first time in five years.

The U.S. didn’t import any Saudi crude the week of Dec. 28 for the first time in 35 years, a reversal from just months ago when the Kingdom threatened to upend the American energy industry by unleashing a tsunami of exports into a market decimated by the pandemic.

In an effort to ease the commercial transport of lobster, a group of Maine lawmakers submitted a request to federal government officials asking to clarify the definition of “livestock” in a recently issued interim final rule.