USDOT Spent Record $114 Billion in FY 2022
October 28, 2022 – The final Monthly Treasury Statement for fiscal year 2022 revealed that the U.S. Department of Transportation spent a net $113.7 billion in fiscal year 2022, an all-time high.
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By Jeff Davis
October 28, 2022 – The final Monthly Treasury Statement for fiscal year 2022 revealed that the U.S. Department of Transportation spent a net $113.7 billion in fiscal year 2022, an all-time high.
October 28, 2022 – Eno and the NYU Marron Institute have been trying to answer similar questions. Marron Institute has been assessing “Why do transit-infrastructure projects in New York cost 20 times more on a per kilometer basis than in Seoul?” while Eno has been asking: “Why does the U.S. pay more than a 50 percent premium to build at-grade and tunneled rail projects?”
By Jeff Davis
October 28, 2022 – When the Federal Reserve increases interest rates to fight inflation, the Treasury Department has to pass those higher rates on to the balances held by federal trust fund accounts like the Highway Trust Fund. And if any of those trust funds have artificially high balances, that interest can add up quickly.
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By Jeff Davis
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October 21, 2022 – The bi-partisan Infrastructure Investment and Jobs Act (IIJA) is lauded for delivering necessary funding to a range of projects. Specific projects, programs, and priorities have been highlighted that demonstrate the need to upgrade, modernize, and maintain our nation’s infrastructure. Through that spending, the law also has the ability to support historically underserved communities and businesses.
By Jeff Davis
October 20, 2022 – The volume of motor gasoline in the United States hit an all-time high in the just-completed fiscal year 2022, with oil companies producing and distributing about 6.8 billion gallons more than they did in the previous peak year of fiscal 2018.
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