On the program today, the role of government in this economy with one of the women in charge

of it.

From American public media, this is Marketplace.

In Washington, D.C., today I'm kind of resolved.

It's Tuesday, the 25th, the April good is always to have you along, everybody.

If you were looking for one place to go to talk about what the Biden administration's

plans are for this economy and its plans for America's relationships in the rest of the

global economy, the Commerce Department would be a real good place to start.

Hundreds of billions of dollars in spending is going to pass through commerce on its

way to new semiconductor plants and training facilities over the next decade or two.

China and our relationship with Beijing is being shaped at least in parts by discussions

that are happening in the Secretary's office on the 5th floor of the Commerce Building.

Geno Ramandos Office to be precise, which is where we will begin, Madam Secretary, welcome

to the program.

Thank you.

You are arguably, I suppose, the point person on the Biden administration changing how

government interacts with this economy.

You have said that the CHIPs act and all that the Biden administration are trying to do

is the biggest industrial policy change in this economy in 70 years.

What happens if you don't get it right?

We are going to get it right.

I can't even think about that.

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