Latest Lael Brainard News

Facing a possible strike at US ports, Biden administration urges operators to negotiate with unions

Sep. 27, 2024 17:13 PM EDT

WASHINGTON (AP) — Top Biden administration officials met Friday with port operators ahead of a possible strike at East and Gulf coast ports, with a union contract expiring after Monday. Transportation Secretary Pete Buttigieg, Acting Labor Secretary Julie Su and Lael Brainard,...

Seeking to counter China, US awards $3 billion for EV battery production in 14 states

Sep. 20, 2024 05:03 AM EDT

WASHINGTON (AP) — The Biden administration is awarding over $3 billion to U.S. companies to boost domestic production of advanced batteries and other materials used for electric vehicles, part of a continuing push to reduce China’s global dominance in battery production for EVs and other...