Federal Stimulus
U.S. DOT Cagey on Funding New Transport Bill as Senators Seek Solutions
Senators began searching today for new strategies to connect local planners with an ever-dwindling pot of federal infrastructure dollars, even as a senior U.S. DOT aide declined to say whether the White House's upcoming principles for the next long-term transportation bill would include funding specifics.
March 11, 2010
House Set to Pass Jobs Bill With Changes, Prompting Another Senate Vote
The House has just begun voting on the Senate jobs bill, which includes a $20 billion reprieve for the nation's highway trust fund and an highway expansion of Build America Bonds -- but though the legislation is expected to pass, it won't be headed to the president's desk yet.
March 4, 2010
Moody’s Gifts Fossil-Fuel States With Positive Credit Outlook
Credit-rating agencies -- particularly Moody's and S&P, the nation's two premier shops -- wield significant influence over the financial health of private companies. But state and local officials are often equally dependent on good credit ratings to borrow money for transportation and infrastructure improvements.
March 4, 2010
New Dem Campaign Brands Stimulus Critics as ‘Highway Hypocrites’
As more media outlets note the phenomenon of GOP lawmakers who voted against the Obama administration's economic stimulus law before seeking -- and taking credit for winning -- a share of its infrastructure money, the Democratic National Committee (DNC) is seizing an opening to tag its opponents as two-faced.
March 3, 2010
TCS: Disputed Transport Provision in Jobs Bill Rewarded Political Clout
A provision in the Senate jobs bill that would distribute $932 million in 2010 transportation funding based on existing earmarks is in line for a quick fix, thanks to a deal struck on Friday between House transportation committee chairman Jim Oberstar (D-MN) and Democratic leaders in the upper chamber.
March 2, 2010
Transportation Filibuster Update: Bunning Won’t Yield to Fellow GOPer
Federal infrastructure funding and many U.S. DOT workers remain in limbo today as Sen. Jim Bunning (R-KY) continues his one-man filibuster of legislation extending the 2005 transport law, turning himself into a Democratic target and a poster child for Washington gridlock.
March 2, 2010
Deja Vu Again: One-Man Senate Filibuster Imperils Federal Transport Law
A familiar script for Washington infrastructure watchers began to unfold last night on the Senate floor, as House-side resistance to a 10-month extension of existing federal transportation law prompted Democratic leaders to seek a quick deal on a one-month stopgap -- the fourth such short-term move in six months.
February 26, 2010
Build America Bonds: Good for Transportation … Good for Goldman Sachs?
The taxpayer-subsidized infrastructure financing program known as Build America Bonds (BABs), which would get a big boost in the Senate's new jobs bill, has proven helpful for local transit agencies and other transportation officials seeking a way to fund big new projects during a crushing economic recession.
February 25, 2010
Report: Obama’s 2011 Budget Leaves Cities in a Fiscal Hole of $16B-Plus
The White House's proposed budget for 2011 would direct $2.8 billion to its biggest-ticket urban aid programs, even as American city governments face estimated budget shortfalls of at least $19 billion next year, according to a report released today by the nonpartisan Drum Major Institute (DMI).
February 25, 2010
Little-Known Provision in Senate Jobs Bill Could Spark House Resistance
The Senate passed its jobs bill today by a 70-28 vote, bringing Congress one step closer to a $20 billion transfer that would keep the nation's highway trust fund solvent until 2011 and extend the 2005 federal transportation law.
February 24, 2010