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Bill to Boost EV Tax Credits to $12,500 Passes Senate Panel

WASHINGTON — Legislation that would raise consumer tax credits for electric vehicles to $12,500 for the next five years passed a Senate committee May 26.

May 28, 2021

Biden $6 Trillion Federal Budget Fueled by Higher Taxes

President Joe Biden issued his first full budget proposal May 28, detailing his ambitions to dramatically expand the size and scope of the federal government with more than $6 trillion in spending over the coming fiscal year.

May 28, 2021

Kansas Leaders Issue Funds for 30 Projects Through Cost Share Program

Kansas officials announced May 26 that $42 million has been invested for transportation projects through the Cost Share Program.

May 28, 2021

FHWA Issues $5.6 Million to States for Innovation Projects

FHWA announced May 26 that $5.6 million had been distributed in Accelerated Innovation Deployment Demonstration program grants.

May 28, 2021

Hudson River Rail Tunnel Gets Environmental OK

Amtrak’s proposed $11.6 billion passenger rail tunnel between New York and New Jersey received long-delayed environmental clearance from U.S. officials, the project’s biggest step forward in years. The decision is crucial to start the next phase of work and secure billions of federal dollars for what’s considered one of the most vital U.S. infrastructure needs.

May 28, 2021

Consumers Boosted Spending by Just 0.5% in April

WASHINGTON — Americans increased their spending by a slight 0.5% in April, a slowdown after a massive gain in March that had been powered by the distribution of billions of dollars in individual stimulus checks.

May 28, 2021

Carriers Continue to Raise Wages Amid Driver Shortage

Trucking companies are continuing to increase driver pay as labor capacity remains a challenge amid strong demand.

May 27, 2021

Biden to Meet GOP Next Week on Infrastructure After Latest Offer

President Joe Biden plans to meet with Republicans next week after a group of GOP senators pitched a fresh offer on a major new infrastructure plan that still left them over $1 trillion short of the White House’s latest proposal.

May 27, 2021

GOP Offers $928B on Infrastructure, Funded With COVID Aid

Republican senators outlined a $928 billion infrastructure proposal May 27 that would tap unused coronavirus aid, a counteroffer to President Joe Biden’s more sweeping plan as the two sides struggle to negotiate a bipartisan compromise and remain far apart on how to pay for the massive spending.

May 27, 2021

US Jobless Claims Fall Again to New Pandemic Low

Applications for U.S. state unemployment insurance fell for a fourth consecutive week as more Americans get vaccinated and businesses reopen to eager customers.

May 27, 2021