Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown only 11 days after signing the wide receiver. The NFL Super Bowl champions team initially had kept him in the face of a rape...Sportsread more
The Wall Street Journal's report came as a top Ukraine official said President Donald Trump "is looking" for Ukraine officials to investigate business dealings of Biden's son...Politicsread more
A tour bus carrying Chinese-speaking tourists crashed near a national park in southern Utah, killing at least four people and critically injuring up to 15 others, authorities...U.S. Newsread more
Gun maker Colt announced Thursday that it will halt its production of AR-15 rifles for civilian sales, but the news might not be as exciting for gun control advocates as it...Guns and Weaponsread more
As thousands of people across the world participate in the Global Climate Strike, several Democratic presidential candidates have shared how they will take aggressive action...Scienceread more
Do you find 13,000 acres of prime real estate in the Washington, D.C., area, complete with a Burberry shop and Starbucks cafes, appealing?
Such a for-sale advertisement for two of Washington, D.C.'s main area airports may pop up soon. The Trump administration on Monday said it is considering selling Washington Dulles International Airport and Ronald Reagan International Airport along with other federally owned infrastructure.
"Federal ownership of these assets can result in sub-optimal investment decisions and create risk for taxpayers," said the Trump administration's infrastructure proposal. "To utilize this authority, an agency would delineate how proceeds would be spent and identify appropriate conditions under which sales would be made."
The airports are among pieces of infrastructure "that would be more appropriately owned by State, local, or private entities," the administration said.
Most U.S. airports are publicly owned by local governments, but the federal government owns Dulles and Reagan airports. In Europe, on the other hand, many airports are fully private, particularly in the U.K. and Portugal, according to data from consulting firm ICF.
"I think of privatization as having two potential objectives: one is to monetize an existing asset, or more colloquially: cash out," said Samuel Engel, head of the aviation practice at ICF. "The other is to tap the capital markets to build and invest in infrastructure."
While outright private ownership of airports is rare, millions of flyers in the United States have experienced a structure where private companies, including airlines, operate terminals.
As airports are airlines' lifeblood, carriers often have to agree to major changes in airport ownership structure, Engel said. "The airlines are not likely to support a deal that would result in higher charges."
It's too early to tell who would step forward as buyers for Dulles and Reagan airports. But another selling point is record passenger traffic worldwide. Each of these airports handled more than 21 million passengers in 2016, according to Airports Council International, an industry group.