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Government, Business

Main Street Lending Program Spent Only 3% of Total

Downtown Sioux Falls, S.D. (Dan Brouilette/Bloomberg News) Downtown Sioux Falls, S.D. (Dan Brouilette/Bloomberg News)

The Federal Reserve’s Main Street Lending Program, which was designed to provide emergency support to midsize U.S. companies during the pandemic, lent out a total $17.5 billion — or just 3% of its potential capacity — according to data released Feb. 9 by the central bank.

Catarina Saraiva | Bloomberg News
February 9, 2021
Government

House Panel to Include Climate Policy in Infrastructure Bill, Pallone Says

Frank Pallone "An infrastructure package similar to the Moving Forward Act from last Congress will modernize our crumbling infrastructure, help rebuild our economy and combat climate change," says New Jersey Democrat Frank Pallone. (Stefani Reynolds/Bloomberg News)

Congressional Democrats will look to include climate change-centric policies in upcoming infrastructure funding legislation, according to Frank Pallone, a top policymaker in the House of Representatives.

Eugene Mulero | Senior Reporter
February 9, 2021
Government, Business

Democrat Ron Bloom Named Postal Board Chair Amid Calls to Fire Louis DeJoy

A USPS mail truck (Bing Guan/Bloomberg News) A USPS mail truck in San Diego. (Bing Guan/Bloomberg News)

The U.S. Postal Service, struggling with slow delivery following disruptive changes by Postmaster General Louis DeJoy, selected a Democrat as its board chairman.

Todd Shields | Bloomberg News
February 9, 2021
Government, Business

Democrats Cut Off Relief Checks at $200,000 Household Income

Capitol Andrew Harrer/Bloomberg News

House Democrats are proposing to limit the next round of COVID-19 relief payments to households earning less than $200,000, after criticism that President Joe Biden’s $1.9 trillion stimulus package would benefit the rich.

Laura Davison | Bloomberg News
February 9, 2021
Government

Pete Buttigieg to Quarantine After Security Agent Gets COVID-19

Transportation Secretary Pete Buttigieg at Union Station in Washington, D.C. (Carolyn Kaster/Associated Press) Transportation Secretary Pete Buttigieg at Union Station in Washington, D.C. (Carolyn Kaster/Associated Press)

WASHINGTON — Transportation Secretary Pete Buttigieg will quarantine for 14 days after a member of his security detail tested positive Feb. 8 for the coronavirus.

Hope Yen | The Associated Press
February 9, 2021
Government, Business

California Drivers Ask Appellate Court to Require Pay for Nondriving Work

Diesel A driver fuels a truck. (ImageegamI/Getty Images)

A federal appeals court is being asked to overturn a lower court’s determination that state law does not require motor carriers to pay drivers separately for nondriving work such as inspections, refueling, and loading and unloading at docks, when drivers are paid on what’s known as a piece-rate basis.

Eric Miller | Senior Reporter
February 9, 2021
Government, Business, Fuel

Diesel Surges 6.3¢ for Biggest Weekly Rise Since 2019

A tank being fueled with diesel Daniel Acker/Bloomberg News

The nationwide average price of diesel fuel increased by 6.3 cents per gallon to $2.801, marking the 14th straight week with a gain and the largest rise in nearly 17 months, according to U.S. Energy Information Administration data released Feb. 8.

Connor D. Wolf | Staff Reporter
February 8, 2021
Government

Transportation Secretary Buttigieg Shares Views on Federal Trucking Policy

Pete Buttigieg Transportation Secretary Pete Buttigieg meets with Amtrak workers at Union Station in Washington. (Eugene Mulero/Transport Topics)

Transportation Secretary Pete Buttigieg offers insights into some trucking-related issues. Here's your Capitol Agenda look at the week ahead for trucking on Capitol Hill.

Eugene Mulero | Senior Reporter
February 8, 2021
Government

Mississippi Transportation Commission Issues Funding for Port Improvements

Port of Greenville, Miss. The Port of Greenville received $400,000 in multimodal funding from the Mississippi Transportation Commission. (Port of Greenville, Miss., via YouTube)

The Mississippi Transportation Commission recently awarded approximately $768,000 in multimodal funding to enhance port operations in the western part of the state.

Eleanor Lamb | Staff Reporter
February 8, 2021
Government, Business, Fuel

Oil Extends Weekly Gain; Brent Pushes Toward $60 a Barrel

An oil pumping jack in Russia An oil pumping jack in Russia. (Andrey Rudakov/Bloomberg News)

Oil set a fresh one-year high in New York with continued producer supply curbs helping spur strength everywhere from physical markets to the futures curve.

February 5, 2021

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