A $10.7 billion funding plan to continue federal transportation spending at the current rate through May 2015 has been offered by Republicans in the House Ways and Means Committee. The General Funds transfer would be offset by "pension smoothing."
Jul 10, 2014 Bloomberg News
Bloomberg News shares news of a report showing that the surge in shale oil production has made the United States the top oil and natural gas liquids producer in the first quarter of 2014 and discusses its impact on domestic and global oil prices.
Jul 7, 2014 Bloomberg News
This could have been our Friday Funny—but it's for real. House Republicans have suggested that reforming the United States Postal Service, such as ending Saturday delivery and other cost cutting could be used to shore-up the Highway Trust Fund
Jun 1, 2014 Bloomberg News
The bill to reauthorize the current surface transportation law, "Moving Ahead for Progress in the 21st Century", a.k.a. MAP-21, was released on Monday and will be "marked up" on Thursday. Spending is kept at current levels of $50 billion a year.
May 13, 2014 Bloomberg News
Marooned in an ocean of crumbling homes, declining city services, stray dogs, and crime, as many as 10,000 Detroiters live in areas that are unlikely to rebound. What incentives can the city devise to get them to relocate?
Oct 9, 2013 Bloomberg News
All four are in Riverside County (east of LA). Reduced vehicle license fees, shifting funds from cities to prisons and a huge state budget deficit created the perfect storm to drain expected revenues. Hope was placed in a bill to fix it.
Sep 19, 2013 Bloomberg News
California's second auction saw a 35% increase in the price paid for a carbon pollution permit to $13.62, while prices at the much larger European market continue to fall and permits go unsold. The price there recently fell to $6.46.
Feb 25, 2013 Bloomberg News
Ending speculation as to whether he would stay or announce his resignation as many in Obama's cabinet have done, and who would replace him should he depart, Ray LaHood announced informally he would stay on as Secretary of the Dept. of Transportation.
Jan 26, 2013 Bloomberg News
Coal burning is rising everywhere save the U.S. If no changes are made to promote alternatives, it will overtake oil as the world's top energy source within a decade according to a new report from the Paris-based International Energy Agency (IEA).
Dec 21, 2012 Bloomberg News
Confirming an earlier Dept. of Energy report, the International Energy Agency's World Energy Outlook indicates not only that U.S. oil production will surpass Saudi Arabia's by 2020, but that it will be a net exporter by 2030 - thanks to fracking.
Nov 14, 2012 Bloomberg News