Companies are sitting on trillions in cash—would be great to see them invest it in US infrastructure, says the CEO of McGraw Hill Financial.» Read More
The U.S. House of Representatives passed a $10.9 billion extension of U.S. transportation funding through May 2015, to avert cutbacks in August.
Congress begins a five-week summer recess that same day. White House support for the 10- month extension has annoyed some Democrats who are opposed because it would push decisions on long-term funding to a newly elected Congress next year. At the very least, Congress should be keeping people on the job who are already there right now, "Obama said.
Macquarie Bank and Cintra own a 75-year lease on the Indiana toll road. Baruch Feigenbaum, Reason Transportation analyst, explains why this is working, and the private sector's role in improving infrastructure in the U.S.
In a visit to a government highway research center in Virginia, Obama is expected to tout work on so-called vehicle-to-vehicle and vehicle-to-infrastructure communication technology to improve navigation, according to the White House.
The action cobbles together $10.8 billion by using pension tax changes, customs fees and money from a fund to repair leaking underground fuel storage tanks to keep the federal Highway Trust Fund, which pays for transportation programs nationwide, solvent through May 2015.
Bobby Jindal's administration is leasing the rights to a state-owned parking garage for $2 million to help balance Louisiana's budget, a deal that appears to have the state taking a loss for the cash up front.
WASHINGTON— President Barack Obama is pressing Congress to make a long-term commitment to keep highway and transit aid flowing to states, but lawmakers appear headed for a short-term patch to sustain projects through next May.
HONG KONG, July 10- China's copper imports fell 7.9 percent month-on-month in June, dropping as Chinese banks reduced lending for metals imports following a probe into an alleged metals fraud at Qingdao port.
House Speaker John Boehner said he welcomes a "pension smoothing" idea for raising highway funds and hopes to pass a bill within two weeks.
State officials are pausing critical highway, bridge and mass transit projects as collapse of the federal Highway Trust Fund looms. Fiscal Times.
As the Highway Trust Fund approaches exhaustion, business leaders are pushing for new roads and funds. The NYT reports.
Walter Block, Ph.D. economics professor at Loyola University, makes the case for private roads in the U.S.
An overpass in Brazil that was part of the World Cup infrastructure plan has collapsed onto vehicles below.
Roger Dow, U.S. Travel Association president, discusses how airport congestion and infrastructure issues are discouraging overseas travelers from coming to the Unites States.
The Obama administration warned states that federal highway funds will be mostly gone in August, limiting the money for road and bridge projects.
In a convoy that stretches hundreds of meters, the trucks travel east across northern Israel, bringing goods from Europe to customers in Jordan and beyond. The number of trucks crossing between Israel and Jordan has jumped some 300 percent since 2011, to 10,589 trucks a year, according to the Israel Airports Authority.
Here is the one big roadblock to Amazon's success, says Jake Novak.
SANAA, June 26- Suspected Islamist militants attacked an airport in the eastern Yemeni city of Seiyun early on Thursday, clashing with soldiers and occupying parts of the building, sources at the airport said.
SANAA, June 26- Suspected Islamist militants attacked the airport in Seiyoun in Hadramawt province of eastern Yemen early on Thursday, occupying parts of it and clashing with soldiers, sources at the airport told Reuters. There were no immediate reports of casualties but the sources said fighting continued in the airport.
It is possible for Ukraine to free itself from dependence on Russian natural gas, according to Oilprice.com.