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WASHINGTON — Supply chain bottlenecks at the ports and rising prices for certain goods are indicative of the administration’s inability to respond to the COVID-19-era economy, a large contingent of congressional Republicans told President Joe Biden.

Intel Corp.’s plans for a multibillion-dollar investment in a new U.S. semiconductor plant hang in part on Congress moving on a stalled plan to bolster the domestic chip industry, the company’s chief executive said.

WASHINGTON — President Joe Biden and Congress’ top two Democrats strategized Oct. 22, trying to wrap up their giant domestic legislation, as the party continued scaling back the measure and determining ways to pay for it ahead of new deadlines.

WASHINGTON — The U.S. budget deficit totaled $2.77 trillion for 2021, the second highest on record but an improvement from the all-time high of $3.13 trillion reached in 2020.

The backlog of ships outside the twin ports of Los Angeles and Long Beach — America’s largest gateway for ocean freight — is poised to worsen.

American Trucking Associations has sent a letter to the Biden administration expressing “grave concern” over the potential damage that the president’s plans for a COVID-19 vaccine mandate for many businesses — including trucking companies — could cause for the country.

U.S. trailer orders in September reached the third-highest level this year, clearing 28,000. But that was far short of year-ago volumes, according to ACT Research.

As freight volumes surge, Omaha, Neb.-based Union Pacific Railroad reported strong third-quarter results that significantly exceeded the company’s report from this time last year and beat Wall Street analysts’ expectations.

Elon Musk and thousands of Tesla Inc.’s die-hard fans and customers are in an uproar about NHTSA’s new pick as its senior safety adviser.