Biden Administration

"The major question is whether a shutdown is going to result in a ratings impact in the municipal market, and the answer here is no," said Jennifer Johnston, director of research for Franklin Templeton's fixed income-municipal bond team.

Republican-led states sued over the rule, arguing in part that it would injure states like Wyoming that depend on tax revenue from fossil fuel industries.

California Gov. Gavin Newsom said the $202 million grant signals the Biden administration's commitment to "clean, electrified high-speed rail into the heart of some of the largest and fastest growing cities in California."

The EPA did not seek public comment before revising the rule overseeing polluted waterways.

U.S. airports collectively face $151 billion of infrastructure needs over the next five years, the bulk of which is tied to terminals, according to the Airports Council International.

The White House should remove barriers to help usher in a "golden age of technology" in the water sector, said the President's National Infrastructure Advisory Council.

The $1.4 billion span would mark the second major bridge that the two states have built together following the $2.6 billion Ohio River Bridges project that opened in 2016.

The budget impasse is closely watched by cities, colleges and other government entities that receive federal aid.

The House and Senate remain at least $120 billion apart on fiscal 2024 spending levels.

A Senate Budget Committee hearing Wednesday examined the fiscal consequences of preparing infrastructure for climate change.