Caitlin Devitt

The largest grant, $1.49 billion, will go to the Oregon Department of Transportation to replace a pair of aging vertical lift bridges that connect Portland and Vancouver, Washington.

Neither presidential candidate is talking enough about the "unsustainable" U.S. deficit, BlackRock CEO Larry Fink said.

While the market awaits the initial FDTA proposal, some wonder if the rulemaking will be affected by the upcoming presidential election and the U.S. Supreme Court's Chevron decision.

Without legislation, the Supreme Court's Chevron ruling makes it "less likely" the U.S. will meet its stated climate goals, said Moody's Investors Service.

FEMA's rule is among the first adopted by a federal agency that will require federally funded projects to be sited and designed with future climate impacts in mind, according to the Natural Resources Defense Council.

GOP House bills feature spending cuts and some policy riders, including a provision in the Transportation and Housing draft bill that bans congestion pricing in New York.

Work is expected to be completed in 2038 and ultimately provide four rail tunnels for Amtrak and NJ Transit trains between New York and New Jersey.

The environmental clearance marks a regulatory milestone, but major funding shortfalls remain.

Infrastructure practice is a "strategic priority" for the firm, it said in announcing the hire of Elena Millerman.

The request is part of the White House's larger funding request from Congress to cover disaster needs from tornados to wildfires.