Biden Administration

Federal Reserve Gov. Stephen Miran said Thursday that the central bank's forays into examining climate change and racial justice under the prior administration politicized the Fed. He also argued that Fed officials should limit their comments on economic policies such as tariffs.

The Trump administration will bring a shift in infrastructure priorities.

The continuing resolution through mid-March is expected to include $$90 billion in disaster funding.

The legislation sends unobligated dollars from the TIFIA program to the popular Surface Transportation Block Grant.

A hearing for four separate federal lawsuits seeking to block the congestion pricing plan is set for Dec. 20.

The announcement of $3.4 billion in grants for rail, roads and clean-energy efforts comes on the third anniversary of Biden's signature legislation.

Some cities with lots of lead pipes, like Chicago, will get more time.

Congress has created recovery bonds for specific disasters in the past, and the CDFA wants the tool to become a permanent private activity bond category.

Current FHWA deputy administrator Kristin White will serve as acting administrator until a successor is named.

President Joe Biden's so-called billionaire tax supported by Vice President Kamala Harris, which would tax unrealized gains from assets including bonds, would raise $500 billion over 10 years, according to Sen. Elizabeth Warren, D-Mass.

California and Texas have received the most amount of federal investment to date, according to a pair of reports tracking the climate law's investments.

Treasury's warning "would be absurd if it wasn't so serious," opined the NSSF, the firearm industry trade association.

Grant programs give the administration a degree of control over which projects get funded, similar to earmarks.

The Build America Bureau is poised to release awards for its asset concession program and preliminary guidelines for value-for-money analysis, two key P3 programs authorized under the IIJA.

In May, a bipartisan group of lawmakers sent a letter to the federal agencies responsible for the FDTA rulemaking, urging them to stick to the schedule spelled out in the law.

Vance has called for eliminating the SALT deduction, calling it "massively redistributive toward the lower- and middle-income brackets."

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.

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.