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Biden Signs $280 Billion CHIPS Act in Bid to Boost US Over China

President Joe Biden enacted into law legislation designed to enhance domestic semiconductor manufacturing and alleviate supply chain bottlenecks.

August 9, 2022

US Retail Cargo Seen Cooling in Second Half as Inflation, Rates Bite

U.S. ports will see less retail cargo entering the country in the second half of the year as economic growth slows amid back-to-back interest rate increases and persistent inflation.

August 8, 2022

Oregon Eyes Tolling Portland Region’s Interstates

Oregon is asking for public input on a congestion pricing plan to impose tolls on all lanes of Portland’s two interstates that would result in commercial trucks paying higher rates than passenger vehicles.

August 8, 2022

STB Says ‘Train Noise’ Would Be Only Negative Impact of CP-KCS Merger

The Surface Transportation Board’s Office of Environmental Analysis determined the only potential adverse impacts of Canadian Pacific’s proposed merger with Kansas City Southern would be train noise, according to the STB’s Draft Environmental Impact Statement released Aug. 5.

August 8, 2022

NHTSA Probes Tesla Crashes That Killed Two Motorcyclists

DETROIT — Two crashes involving Teslas apparently running on Autopilot are drawing scrutiny from federal regulators and point to a potential new hazard on U.S. freeways: The partially automated vehicles may not stop for motorcycles.

August 5, 2022

Labor Chief Sees No Sign of Strike, Lockout in West Coast Port Talks

Labor Secretary Marty Walsh said he sees no signs of a strike or a lockout looming in the contract negotiations between dockworkers and employers at some of the nation’s most important ports, even as talks continue without a contract.

August 5, 2022

Democrats Say They’ve Reached Agreement on Economic Package

WASHINGTON — Senate Democrats have agreed to eleventh-hour changes to their marquee economic legislation, they announced late Aug. 4, clearing the major impediment to pushing one of President Joe Biden’s paramount election-year priorities through the chamber in coming days.

August 5, 2022

Employers Added 528,000 Jobs in July

WASHINGTON — America’s hiring boom continued last month as employers added a surprising 528,000 jobs despite raging inflation and rising anxiety about a recession.

August 5, 2022

Senate Votes to Overturn Biden Environmental Rule

WASHINGTON — The Senate on Aug. 4 voted to overturn a Biden administration rule requiring rigorous environmental review of major infrastructure projects such as highways, pipelines and oil wells.

August 4, 2022