Latest U.S. Department of Commerce News

U.S. economy grows solid 2.3% in October-December on eve of Trump return to White House, 2.8% in '24

Jan. 30, 2025 11:15 AM EST

WASHINGTON (AP) — A humming American economy ended 2024 on a solid note with consumer spending continuing to drive growth, and ahead of what could be a significant change in direction under a Trump administration. The Commerce Department reported Thursday that gross domestic...

Trump's Commerce Secretary nominee, Howard Lutnick, vows to sell his business interests in 90 days

Jan. 29, 2025 12:33 PM EST

WASHINGTON (AP) — Billionaire financier Howard Lutnick, President Donald Trump's choice to lead the Commerce Department, said Wednesday that he would sell all of his business holdings within 90 days. “I will divest, I will sell all of my interests, my business interests, all of...