John Rice, vice chairman of General Electric (GE), says the Asian Infrastructure Investment Bank (AIIB) is a great opportunity for the U.S. to help resolve the shortfall in infrastructure.» Read More
Cesar Purisima, finance secretary of the Philippines, says factors such as better governance helped the country to grow over 6 percent every year since 2012. He adds that the government is aiming for a faster pace of growth so as to eradicate poverty.
Jayant Sinha, Minister of State for Finance, India, says an "ambitious plan" is at work to bring the quality of India's infrastructure up to world-class levels.
Amtrak says the system will be ready by year's end throughout the Northeast Corridor, which stretches from Boston to Washington, with the exception of some track owned by commuter railroads in New York. Democrats want Congress to give Amtrak the entire $2 billion in subsidies the railroad requested for the budget year that starts Oct. 1. They say GOP lawmakers...
For the size of the U.S. economy, it lags far behind many of the world's most developed countries in spending on rail networks. The New York Times reports.
The current authorization to spend money from the federal Highway Trust Fund, which finances most aid to states, expires May 31. A Senate vote is expected later this week. Unable to find a politically acceptable solution, Congress has kept the trust fund teetering on the edge of insolvency since 2008. The extension passed by the House would expire July 31, when...
If Congress lifts a claims cap, Amtrak could face damages of as much as half a billion dollars from losses related to last week's crash.
OAKLAND, Calif.— Three baggage handlers at Oakland International Airport are accused of using their security clearance to get marijuana-packed suitcases past checkpoints and onto planes as part of a drug smuggling ring involving 11 other people, federal prosecutors said. The group was operating as early as July 2012, according to the complaint.
Modi's cuts in federal welfare spending on the poorest of India's 1.25 billion people are coming in for criticism, including from within his cabinet.
Don Hanna, Asia managing director at Hanna-Roubini Global Economics, outlines the economic motivations behind China's aim to foster stronger ties with Latin America.
CHEYENNE, Wyo.— Faced with sliding domestic demand for coal, the governor of Wyoming has kept pressing for access to deep-water ports in the Northwest that would allow exports to Asian markets. Jay Inslee in Olympia and plans to meet Tuesday with Oregon Gov. The stakes are high for Wyoming— the nation's leading coal-producing state— to find new markets.
Republicans from both chambers said they expected Congress to approve the legislation next week. White House spokesman Eric Schultz charged that it would be a "dereliction of responsibility" for lawmakers to return to their districts without approving the legislation. As a result, Congress has approved a series of short-term extensions— most recently, one...
Decades of underinvestment in outmoded infrastructure have put millions of railroad passengers at risk.
Discussing investment in America's rail infrastructure, with Ed Hamberger, Association of American Railroads.
1.5 million people commute into New York City daily, so what would happen if one of the two tunnels into Manhattan were to close, with Tom Wright, Regional Plan Association President.
The derailed cars are empty, according to a local NBC affiliate.
Discussing the derailment of the Amtrak train and infrastructure issues in the U.S., with Richard Ravitch, former New York LT. Governor.
Brian Pallasch, ASCE Managing Director, discusses the grade of America's rail infrastructure and lack of funding.
Brian Sullivan's First on CNBC interview with Canadian Minister of Finance Joe Oliver at SIFMA's 2015 Canada-U.S. Securities Summit. They discuss the upside to oil price declines, U.S.-Canada trade, infrastructure and more.
Insight to what could have happened to the derailed Amtrak train, with Rick Campbell, CTC President.
A House committee voted to cut Amtrak funding by $251 million, reports CNBC's John Harwood.