Infrastructure

The Trump plan proposes only a 20% federal share, leaving local governments to come up with 80% of their own money or in partnership with the state and private investors.

More than 64% of the funding under the TIGER program was awarded to rural projects – a record amount since the program started.

S&P Global Ratings said revenues are not increasing to match the New York regional transit agency's expenses.

The ruling could result in the county repaying millions of dollars improperly spent from its 1% sales tax dedicated to its transportation program.

Council Speaker Corey Johnson spelled out several conditions for such an increase to MTA Chairman Joe Lhota.

Despite the absence of adequate federal funding levels, the plan advances a vision — greater involvement of the private sector with public infrastructure — and then details how the federal government will pursue this new infrastructure paradigm with its vast authorities.

The declaration could expedite contracting for repairs at NYCHA units through limited city use of design-build project delivery.

The $1 trillion infrastructure plan unveiled by Senate Democrats would be paid for by a rollback of some of the recently enacted Republican tax law provisions.

A trade war would bring risks for states that do major business with Canada and Mexico, Fitch Ratings said after a seventh round of talks ended with no resolution.

As the New York City Council held its first hearing on Mayor de Blasio’s $88.67 billion preliminary budget, "Washington" and "Albany" loomed over the proceedings.