Funding & Finance

Issues & Modes / Funding & Finance

Federal, state, and local governments all play a significant role in funding $300 billion in annual transportation spending. The federal government supplies important capital funding for highways, transit systems, airports, waterways, and ports while also operating the nation’s air traffic control system. State and local governments have an equally important task to invest in and operate their transportation networks and rely on a broad range of revenue sources, from general revenues and debt, to fuel taxes, fees, and tolls.

White House Requests $500 Million Amtrak Bailout As Transit Aid, Highway Reauthorization Mentioned As Possibilities For Next Week

Late last night, the White House requested another $45.8 billion in emergency appropriations for coronavirus response, including $500...

Looming Recession Sparks Familiar Calls for Infrastructure As Stimulus

The U.S. economy now appears headed into a recession – Bloomberg News noted yesterday, in the wake of the S&P 500 crossing the 20...

Senate Panel Looks at Implementation of Ban on Chinese Rolling Stock

On March 5, the Senate Committee on Banking, Housing and Urban Affairs held a hearing on "Threats Posed by State-Owned and...

Treasury Releases Annual Trust Fund Forecasts

This week, the Treasury Department released its quarterly Treasury Bulletin for March 2020 – a deep dive of fiscal data that includes...

USDOT Gives Out $248M in FY19 CRISI Rail Grants

Transportation Secretary Elaine Chao on March 12 announced the recipients of $248.5 million in railroad grants under the Consolidated...

Truckers, Barrasso Spar Over Truck-Only VMT Tax

A nasty spat has erupted between the trucking lobby and the chairman of the Senate committee that funds the federal-aid highway...

House Subcommittee Hearing Tackles Capital Funding Challenges, but Fails to Address the Ballooning Cost of U.S. Rail Infrastructure

On Wednesday, March 4, the House Subcommittee on Railroads, Pipelines, and Hazardous Materials held a hearing entitled "Funding a...

FY21 DOT Budget Request, Round 2: Sec. Chao Defends Plan to Senate Appropriators

After defending the Trump Administration's fiscal 2021 budget request to the House Appropriations Committee last week, U.S....

Chao Defends FY21 USDOT Budget in House Hearing

Transportation Secretary Elaine Chao yesterday gave her first defense of the Trump Administration's fiscal 2021 USDOT budget request,...

Amtrak Requests $2.34 Billion in FY21 Appropriations

The National Railroad Passenger Corporation (Amtrak) has submitted its own request to Congress for $2.34 billion in federal...

USDOT Solicits FY20 BUILD Grant Applications

This week, the U.S. Department of Transportation invited applications for $1 billion in fiscal 2020 multimodal surface transportation...

FY21 Appropriations Process Begins Next Week

The House and Senate Appropriations Committees are starting the fiscal 2021 appropriations process next week, with a slate of committee...

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