US House approves short-term financing for highways
Washington
THE US House of Representatives on Tuesday approved a two-month extension of funding for transportation projects, setting up what could be a defining fight over money for highways and other infrastructure this summer after years of stop-gap measures.
The extension, which passed in a 387-35 vote with one member voting present, would maintain funding for the Highway Trust Fund through July 31. The Bill now goes to the Senate, which has just two legislative days left before a scheduled week-long Memorial Day recess. The transportation programme's spending authority is set to expire during that break, on May 31.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
EV automakers get reprieve in US tax credit rules
Abu Dhabi hub carrier Etihad adds banks to US$1 billion IPO
Luminar to cut nearly 20% jobs as part of restructuring
Chinese share of French EV market slumps after incentives curbed
Ferrari unveils US$423,000 sports car with 1960s bloodline
Airbus called for compensation to take on money-losing Spirit operations: sources