Climate change

Pat Toomey, the top Republican on the Senate Banking panel, questioned the backgrounds of President Biden’s Federal Reserve picks amid a brewing conflict over diversity at the central bank and its role in dealing with climate change.

The Federal Highway Administration has acknowledged it lacks the authority to tell states how to spend federal infrastructure dollars, AASHTO said.

Industry advocacy groups want uniform rules that enhance clarity and common understanding without adding complexity or liability.

The bulk of the IIJA money will flow first to the states, so cities need to be organized and ready to work with governors, White House Infrastructure Coordinator Mitch Landrieu told the U.S. Conference of Mayors.

The investment could repair 15,000 bridges across the country and requires states to set aside at least 15% for local bridges.

The new water resources act comes as the Army Corps of Engineers' civil works program is set to see the largest influx of funding in its history.

If it clears the legal hurdle, the company that owns the $30 billion project may seek a $12 billion Railroad Rehabilitation and Improvement Financing loan.

Despite its snowy reputation, the region sees itself as a climate refuge due to cooler temperatures, reliable infrastructure and Lake Erie freshwater.

Pushing the massive bill into 2022 reduces its overall chances of passage but increases the chances of reviving muni-related provisions.