Main Street Lending Program Spent Only 3% of Total
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.
February 9, 2021House Panel to Include Climate Policy in Infrastructure Bill, Pallone Says
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.
February 9, 2021Democrat Ron Bloom Named Postal Board Chair Amid Calls to Fire Louis DeJoy
The U.S. Postal Service, struggling with slow delivery following disruptive changes by Postmaster General Louis DeJoy, selected a Democrat as its board chairman.
February 9, 2021Democrats Cut Off Relief Checks at $200,000 Household Income
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.
February 9, 2021Pete Buttigieg to Quarantine After Security Agent Gets COVID-19
WASHINGTON — Transportation Secretary Pete Buttigieg will quarantine for 14 days after a member of his security detail tested positive Feb. 8 for the coronavirus.
February 9, 2021California Drivers Ask Appellate Court to Require Pay for Nondriving Work
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.
February 9, 2021Diesel Surges 6.3¢ for Biggest Weekly Rise Since 2019
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.
February 8, 2021Transportation Secretary Buttigieg Shares Views on Federal Trucking Policy
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.
February 8, 2021Mississippi Transportation Commission Issues Funding for Port Improvements
The Mississippi Transportation Commission recently awarded approximately $768,000 in multimodal funding to enhance port operations in the western part of the state.
February 8, 2021Oil Extends Weekly Gain; Brent Pushes Toward $60 a Barrel
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