Transportation Policy
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
Goldman Sachs: Yes, Build America Bonds Are Good for Transport — And Us
Goldman Sachs today confirmed that the taxpayer-subsidized debt offering known as Build America Bonds (BABs), which have helped several urban transit agencies and state DOTs pay for new projects since last year, tend to result in higher underwriting fees for Wall Street banks than most tax-exempt municipal bonds.
March 10, 2010
Could Transport Bill Inaction Hurt the White House’s Sustainability Push?
The White House's lack of interest in passing a new long-term federal transportation bill before next spring at the earliest is common knowledge in Washington, but the Obama administration has paid little political price so far for its approach to the issue. That began to change today, thanks to two lawmakers on the House panel that controls the U.S. DOT's purse strings.
March 10, 2010
Study: Clean-Car Subsidies Alone Can’t Meet White House’s Climate Goals
Government subsidies for hybrid and electric cars, while "politically seductive," will fail to achieve the Obama administration's national pollution-reduction goals if they are not coupled with a significant increase in fuel prices, according to a new study by Harvard University researchers.
March 9, 2010
Dodd Vows to Pass Livability Bill Amid Skepticism From Rural Senators
Even as the Obama administration ramps up its work on a sustainability initiative that treats transportation, housing, and energy efficiency as interconnected aspects of development policy, the effort remains without an official congressional authorization -- a situation that Senate Banking Committee Chairman Chris Dodd (D-CT) vowed to fix yesterday.
March 9, 2010
LaHood Faces Off With GOP Senator Over High-Speed Rail, Livability
When Cabinet secretaries appear in front of Congress' appropriations committees, which control the annual budgets for each federal agency, the proceedings tend to be dry affairs dominated by local concerns and arcane fiscal debates.
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
Senate Starts Work on New Transport Bill, With House Version as a Guide
The Senate today took its first steps towards voting on a new long-term federal transportation bill, with environment committee chairman Barbara Boxer (D-CA) vowing to take up a successor to the 2005 infrastructure law before 2011 and indicating she would use the House's already-introduced version as a framework.
March 3, 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
Could a New Kind of Fuel Tax Help Break the Senate Climate Deadlock?
Even before the Senate environment panel pushed through a GOP protest to approve its climate change bill, Sens. Lindsey Graham (R-SC), Joe Lieberman (I-CT), and John Kerry (D-MA) were working behind the scenes on a so-called "tripartisan" plan that can win enough votes in Congress' upper chamber to make nationwide emissions cuts a reality.
March 1, 2010