The International Swaps & Derivatives Association, a financial industry derivatives group, is being probed as part of a European Union antitrust investigation into how data on credit derivatives is shared.
Three months before proposing in his Jan. 24 State of the Union speech to speed up construction projects, President Barack Obama designated replacement of New York’s Tappan Zee Bridge for “fast-track” approvals, saying he wanted to cut red tape and create jobs.
Abolishing the U.S. gasoline tax and replacing it with a levy based on miles driven could happen “tomorrow” regardless of hurdles to implementing it, said a former top Republican on the House Transportation and Infrastructure Committee.
Investment planned through 2020 on U.S. infrastructure, including roads, schools and airports, will fall $1.6 trillion short of what’s needed to maintain existing facilities, the American Society of Civil Engineers says.
Smaller, rural states with the least traffic congestion felt the impact of about $27 billion in U.S. highway economic-stimulus funds more than those with large urban areas and the biggest budgets for roads and bridges, a national study said.