Government

The interpretation of a regulation by the Treasury Department could upend expectations for how tens of billions of dollars in new electric vehicle tax incentives will be distributed.

WASHINGTON — The Federal Reserve extended its yearlong fight against high inflation March 22 by raising its key interest rate a quarter-point.

Minnesota Gov. Tim Walz signed legislation to crack down on catalytic converter theft in the state, the latest in a series of moves by state lawmakers to help residents combat what has become a nationwide problem.

A European-based component supplier to Volvo Trucks North America is locating its new North American headquarters near the vehicle maker’s production factory in Virginia’s New River Valley — a move that the state’s governor praised for bringing a jolt to the region’s business community.

The Biden administration unveiled tight restrictions on new operations in China by semiconductor manufacturers that get federal funds to build in the U.S.

At a meeting this month of the National Infrastructure Advisory Council, the group proposed a need for drills and exercises designed to enhance cybersecurity.

Fees for Unified Carrier Registration Plan participants in 2024 will be reduced by approximately 9% compared with 2023 fees, the Federal Motor Carrier Safety Administration announced.

The U.S. Supreme Court has invited the federal government to weigh in on whether state and local governments can regulate how long trains can block railroad crossings.

The national average price of diesel continued its descent, sliding 6.2 cents to $4.185 a gallon in its seventh straight decline, according to Energy Information Administration data released March 20.

Capitol Agenda: A hearing in the Senate this week to examine the White House’s fiscal 2024 budget request will feature Transportation Secretary Pete Buttigieg.