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

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.

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.

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.

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.

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.

While congressional transportation leaders continue to negotiate a massive infrastructure package, agreement over ways to fund its policy initiatives has not been reached, the leader of the Commerce Committee in the U.S. Senate said May 16.

Tesla Inc. raised $2.35 billion through debt and stock offerings that expanded from the company’s initial plans, helping to put some near-term liquidity fears to rest.

Voters demonstrated a reluctance to approve new funding measures but a commitment to securing existing funds for transportation purposes during the Nov. 6 election.

After years of calling to restore highway user revenue, transportation advocates may see the funding return by fiscal 2020.