Trump administration

President Donald Trump may hope his tariffs on imported steel and aluminum will create new jobs, but researchers at the Federal Reserve Bank of New York said the opposite outcome was more likely.

The revenue procedure implements a proposal in President Trump's infrastructure plan that will help facilitate public-private partnership arrangements.

Gribbin's resignation, which followed Gary Cohn's departure, means that the two major administration officials charged with developing and selling the president's infrastructure plan are gone.

Some of the oomph for multifamily housing bonds comes from additional federal funding for public housing agencies which are partners in these bond deals while the remainder comes from programmatic changes in the law.

The collapse of the pedestrian bridge in Florida and resulting focus on its federal funding shouldn't impact the TIGER program, transit officials said.

Transit officials from across the nation meeting here this week said the president's proposed budget cuts don't track with his rhetoric on infrastructure.

Democrats are frustrated that President Trump's infrastructure plan would require state and local governments to come up with the majority of funds for infrastructure projects.

The Trump plan proposes only a 20% federal share, leaving local governments to come up with 80% of their own money or in partnership with the state and private investors.

More than 64% of the funding under the TIGER program was awarded to rural projects – a record amount since the program started.

The $1 trillion infrastructure plan unveiled by Senate Democrats would be paid for by a rollback of some of the recently enacted Republican tax law provisions.