Infrastructure

The approval clears the way for groundbreaking on a bridge that the two states have been trying to replace for 12 years.

Even as Florida advances a pair of bills expanding the state's already broad public-private partnership authority, the P3 message from the state's debt office appears less than enthusiastic.

The Build America Bureau has $100 million in grants available over the next five years for public entities doing pre-development work to structure public private partnerships for transportation and transit-oriented development projects. 

The loan, which features a 2.5% interest rate, will finance nearly half of a community building in downtown Mount Vernon, Washington.

Sen. Joe Manchin, D-W.Va., has already pledged to try to overturn the rule in Congress.

Subcommittee Chair Rep. Steve Womack, R-Ark., asked Buttigieg if the $20 billion of federal commitments for transit projects over the next decade "might create a check we can't cash."

The bill would authorize $105 billion in appropriations through 2028 but still faces a few hurdles in Congress.

Teague, most recently an executive director of the municipal securities department at Morgan Stanley, will focus on surface transportation.

It's a big week for the Fortress-backed train company, which refinanced more than $4 billion of debt and broke ground on its West Coast high-speed line.

As space becomes an increasingly important frontier for development and competition, spaceports should enjoy the same financial benefits as airports and seaports, say supporters of the federal legislation.