Government, Business, Safety, Logistics

House Funding Panel Approves Fiscal 2023 Transportation Bill

Congress Elisank79/Getty Images

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

Eugene Mulero | Senior Reporter
June 23, 2022
Business, Technology

Goldman Sachs Creates Joint Venture for Auto Technology Deals

Rivian A Rivian vehicle. (Patrick T. Fallon/Bloomberg News)

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.

February 12, 2021

Transportation Funding Bill Set for US House Floor Consideration

Representatives Nita Lowey and Mario Diaz-Balart Nita Lowey (left) and Mario Diaz-Balart by Andrew Harrer/Bloomberg News

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.

Eugene Mulero | Senior Reporter
July 23, 2020
Business, Technology

EV Maker Rivian Raises $2.5 Billion in New Funding Round

Rivian's R1T electric pickup truck. Rivian's R1T electric pickup truck. (Patrick T. Fallon/Bloomberg News)

Rivian Automotive Inc., the electric truck startup already backed by Inc. and Ford Motor Co., raised $2.5 billion in new funding from a group of investors led by T. Rowe Price Associates Inc.

Katie Roof | Bloomberg News
July 10, 2020
Government, Business

Trump Signs Bill to Extend Government Funding

House Appropriations Committee Chairwoman Nita Lowey (D-N.Y.) “I am pleased that we are keeping government open, assuring full funding for a fair and accurate Census, and ensuring a pay raise for our military,” House Appropriations Committee Chairwoman Nita Lowey (D-N.Y.) said. (C-SPAN)

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.

Eugene Mulero | Senior Reporter
November 21, 2019
Government, Business, Safety

Senate Committee Advances Fiscal 2020 Transportation Funding Bill

The Senate subcommittee for which Susan Collins serves as chairwoman advanced a transportation funding bill. Sen. Susan Collins (Zach Gibson/Bloomberg News)

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.

Eugene Mulero | Senior Reporter
September 17, 2019

Sen. Wicker: Figuring Out Funding for 'Really Big' Infrastructure Package 'Will Take Time'

Sen. Roger Wicker (R-Miss.), Commerce panel chairman Sen. Roger Wicker at a rally in Tupelo, Miss., in November. Wicker indicated agreement on the ways to fund the policy initiatives of an infrastructure package has not been reached. (Thomas Graning/Associated Press)

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.

Eugene Mulero | Senior Reporter
May 17, 2019
Business, Technology

Tesla Raises $2.35 Billion in Boosted Debt, Stock Offerings

Tesla Chris Ratcliffe/Bloomberg News

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.

Molly Smith and Dana Hull | Bloomberg News
May 3, 2019
Government, Business, Fuel

Voters Decide Fate of Transportation Funding Measures on State Ballots

Transportation Funding Measures Congestion on Interstate 70 in Denver. (Colorado Department of Transportation)

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

Eleanor Lamb | Staff Reporter
November 8, 2018
Government, Business, TCA

Maryland Bill to Restore Highway User Revenue Poised to Become Law

James Capaldi/Flickr

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

Kelsi Loos | The Frederick (Md.) News-Post
April 5, 2018