funding News Updates

Government

House Transportation Leaders Sam Graves, Scott Perry Target FEMA Aid

House Transportation leaders are asking the Federal Emergency Management Agency for details related to assistance programs linked to the COVID-19 pandemic.

February 23, 2023
Government

Brian Schatz of Hawaii to Lead Senate Funding Panel

The panel responsible for drafting funding legislation for federal transportation programs and operations will be led by Sen. Brian Schatz, the chamber’s leaders announced recently.

February 21, 2023
GovernmentLogistics

$100 Million Maryland Grant to Fund I-81 Lane Expansion

Construction will move forward to ease congestion in western Maryland and improve regional freight transportation along Interstate 81 after Gov. Larry Hogan awarded the project a $100 million grant.

January 9, 2023
Government

Sen. Leahy Warns Against Short-Term Funding Bill

Legislation that temporarily averts a partial shutdown of federal agencies this month would hinder transportation operations nationwide, said the top senator on the funding committee.

December 8, 2022
GovernmentBusinessSafetyLogistics

House Funding Panel Approves Fiscal 2023 Transportation Bill

A House panel on June 23 approved legislation that would fund operations at the U.S. Department of Transportation for fiscal 2023.

June 23, 2022
BusinessTechnology

Goldman Sachs Creates Joint Venture for Auto Technology Deals

Goldman Sachs Group Inc. is creating a joint venture in its investment bank focused on catering to auto technology clients such as Tesla Inc. and the new class of companies trying to take on the top electric vehicle maker.

February 12, 2021
Government

Transportation Funding Bill Set for US House Floor Consideration

Legislation that would fund operations at the U.S. Department of Transportation and its agencies will be considered on the floor of the U.S. House of Representatives before the end of July.

July 23, 2020
BusinessTechnology

EV Maker Rivian Raises $2.5 Billion in New Funding Round

Rivian Automotive Inc., the electric truck startup already backed by Amazon.com Inc. and Ford Motor Co., raised $2.5 billion in new funding from a group of investors led by T. Rowe Price Associates Inc.

July 10, 2020
GovernmentBusiness

Trump Signs Bill to Extend Government Funding

Agencies at the U.S. Department of Transportation and throughout the federal government will continue to operate through Dec. 20 after President Donald Trump signed a monthlong funding bill the Senate passed Nov. 21.

November 21, 2019
GovernmentBusinessSafety

Senate Committee Advances Fiscal 2020 Transportation Funding Bill

WASHINGTON — An infrastructure grants program managed at the U.S. Department of Transportation would receive $1 billion in the upcoming fiscal year under legislation a Senate panel easily reported to the floor of the chamber Sept. 19.

September 17, 2019