DENVER— Colorado's economy has been on an upswing, and government officials are getting more comfortable asking the state for help with their funding needs after years of budget cuts. But more revenue means Colorado is required to start giving refunds to taxpayers, rekindling a decades-old debate over how much money state government should be allowed to keep...» Read More
Unless there are further delays to the government's infrastructure projects, a rate cut by the Bank of Thailand on Wednesday will surprise markets, says Paul Gambles, Co-Founder of MBMG Group.
With disappointing economic data chasing China into the new year, HSBC is cutting its growth forecasts, citing five key themes for the economy.
LODZ, Poland, Dec 14- The European Union has given Poland more than 100 million euros to build at least three "ghost" airports in places where there are not enough passengers to keep them in business. Poland is not the only country in Europe to have built airports that struggle to attract flights. Poland received 615.7 million euros in EU support for airports between...
"I'm not one who often calls for regulation," Tony Tyler, director general of the International Air Transport Association, said in an interview on the sidelines of the organization's global media day. Tyler's concern comes amid growing reports of dangerous drone flights at airports, stadiums and military bases in the United States and elsewhere.
LANSING, Mich.— Amazon and other online retailers with ties to Michigan would have to collect its 6 percent sales tax on purchases under legislation approved Thursday by a divided Senate. It won approval on a 21-16 vote in the GOP- controlled Senate, picking up support from 11 Democrats and 10 Republicans. The bills could raise in the ballpark of $50 million a year...
TRENTON, N.J.— Senate President Steve Sweeney is renewing calls for New Jersey to roughly double the share of money local governments receive for road and bridge projects. Sweeney detailed his plan during a news conference Thursday at the statehouse, speaking alongside members of the New Jersey Association of Counties, League of Municipalities and AAA.
The Federal Aviation Administration bars all commercial use of drones except for 13 companies that have been granted permits for limited operations. Several European countries have granted commercial permits to more than a 1,000 drone operators for safety inspections of infrastructure, such as railroad tracks, or to support commercial agriculture,...
JERSEY CITY, N.J.— The Port Authority of New York& New Jersey approved a 2015 budget Wednesday that the agency said holds operating expenses at or below the rate of inflation for the ninth year in a row but was criticized for not allocating enough money to replace New York's aging bus terminal. The Port Authority on Wednesday said the proposed $7.8 billion budget...
Some of Wall Street's biggest players are ready to write billion-dollar checks to finance a nearly $16 billion Gulf Coast natural-gas project.
Debating whether the gas tax should be raised, with CNBC contributor James Pethokoukis and Ed Rendell, former Governor of Pennsylvania.
CONCORD, N.H.— Lawmakers must fix a deficit in the state's highway fund to keep roads and bridges safe for drivers, outgoing Department of Transportation commissioner said. There isn't a longer dwell time between now and the next election to come together and say we know we have an issue with the highway fund, " Chris Clement said in an interview with The Associated...
WASHINGTON— Supreme Court justices exchanged conflicting viewpoints Monday on whether Amtrak had the legal authority to help craft federal regulations over the use of railroad tracks. The American Association of Railroads, which represents the freight railroad industry, says it's unconstitutional for Congress to give a private company the power to...
Steven Rattner, Willett Advisors chairman, shares his thoughts on President Obama's remarks on Wednesday to top executives about tax reform, infrastructure investing, oil's slide and the fallout of gridlock.
President Obama responds to wide concern over deteriorating US infrastructure of highways and bridges, and whether there's an opportunity for bipartisan success.
Doug Oberhelman, Caterpillar chairman & CEO, explains how infrastructure and education can drive growth and create jobs.
Michael Berkowitz, President at 100 Resilient Cities, a $100 million project, describes challenges faced by Asian heavyweights India and China in managing infrastructure.
Grover Norquist, Americans for Tax Reform, and former Gov. Ed Rendell, (D-Pa.), debate whether now is the right time to raise the Federal gas tax in order to finance the rebuilding of the nation's crumbling infrastructure.
Topping the benchmark, Josh Duitz, Alpine Funds, explains why investors should own infrastructure plays around the world via AIFRX.
Sarina Lesmina, Head of Research for Indonesia at CLSA, says the cut in fuel subsidies will likely boost infrastructure, which will benefit cement producers and the construction sector.
Michel Sapin, Finance Minister of France, says investments in infrastructure will enable the country to stimulate and "deeply modernize" its economy.