Infrastructure

The deal would give the company time to seek additional equity, debt and federal funds.

Disruptions to air travel during the federal government shutdown has sharpened the focus on legislation that would divert funds from the Airport & Airway Trust Fund to pay salaries of air traffic controllers.

Transit advocates are pushing back on the Trump administration exploring the elimination of the Mass Transit Account of the Highway Trust Fund.

The end of the government shutdown includes clearing three of twelve appropriations hurdles while questions linger about the future of the highway reauthorization bill.

The industry for years has lobbied Congress and the Treasury Department to make the changes, but the issue has taken on more urgency amid a data center boom that promises to transform the U.S. energy landscape

Public transit emerged as an $11 billion winner in the 2025 elections as voters in five states approved measures to pour money into the sector.

An uncertain financial future partially due to federal government downsizing is compounding with nearly $6 billion of unfunded capital needs that will require Washington D.C. to lean on asset management and its strong credit rating to overcome the challenges.

The ruling comes as the municipal bond market closely watches the administration's effort to control federal infrastructure spending.

House Republicans hope to mark up the next surface transportation bill early next year.

Municipal water agencies are appealing to the Environmental Protection Agency about a slowdown in the Water Infrastructure Finance and Innovation Act loan program which along with bond sales, funds improvements to water and sewer infrastructure.

Contractors that have been absorbing cost increases in fixed-price projects may insist on the more flexible pricing built into progressive design-build delivery models.

The government shutdown is wreaking more havoc as air traffic controllers will miss a paycheck this week and federal payments to states for housing bonds and Grant Anticipation Revenue Vehicle bonds may stop flowing.

The city is gearing up to sell $252 million of general obligation bonds this year and $1.5 billion of revenue bonds in 2026 for a convention center project.

"I've never seen this level of hand wringing at the issuer level," said Matt Boles, managing director at RBC Capital Markets.

"The project is not dead," said the transportation planning board chair.

Transportation Secretary Sean Duffy also defended the administration's funding freeze on major New York transit projects.

The City Council is exploring possible bond sales to expand Metro service for the NFL stadium slated to replace RFK Stadium, which is being demolished.

The Department of Transportation pulled funds from the Gateway Project and the Second Avenue Subway extension, citing alleged "DEI" violations.

If approved, the $6 billion federal RRIF loan would be "quite positive at this juncture," an investor said.

The CTA's funds have been "put on hold to ensure funding is not flowing via race-based contracting," Office of Management and Budget Director Russell Vought said.