Infrastructure

President Obama will ask Congress in his fiscal 2015 budget proposal for $2.5 billion in transit grants for 26 projects in 16 states.

Democrats and Republicans could find common ground on business tax reform and infrastructure investment, Treasury Secretary Jack Lew said at a Senate Finance Committee hearing Wednesday.

The Irvine, Calif.-based Transportation Corridor Agencies has placed Chief Executive Officer Neil Peterson on leave after a dust-up involving contract approvals.

Colorado approves a $490 million public-private partnership to redevelop U.S. 36, but a Boulder group renews its threat of a lawsuit.

The full Massachusetts Senate on Thursday is expected to debate a five-year transportation borrowing bill that has risen to $13.2 billion.

A higher cap for federally allocated tax-exempt private activity bonds could make state transportation P3 projects more attractive to investors.

Hawaii Gov. Neil Abercrombie released $96.6 million for the construction of capital improvement projects at state airports.

President's Obama $3.9 trillion fiscal 2015 budget, released Tuesday, proposed capping the value of the tax exemption for municipal bond interest at 28%, which market participants complain would amount to an unprecedented tax on municipal bonds.

President Obama plans during the next two months to send Congress draft legislation for a four-year, $302 billion reauthorization of the surface transportation funding program, Transportation Secretary Anthony Foxx told reporters Tuesday during a briefing on the fiscal 2015 budget.

Kansas City, Mo. will borrow $124 million next week to raise financing needed for its long planned $114 million downtown street car project and restructure debt to give it budgetary breathing room to strengthen its pension funds.