Close Menu
Trade Verdict
  • Home
  • Latest News
  • Investing
  • Personal Finance
  • Retirement
  • Economy
  • Stocks
  • Bonds
  • Commodities
  • Cryptocurrencies

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Why ConstructKoin (CTK) Is Bringing Actual Property Finance to Web3

October 27, 2025

Consumer Problem

October 27, 2025

Ivanhoe Electrical Broadcasts Full Train and Closing of Underwriters’ Choice for $22.5 Million in Public Providing of Widespread Inventory, Growing Gross Proceeds to $172.5 Million

October 27, 2025
Facebook X (Twitter) Instagram
Trade Verdict
  • Latest News
  • Investing
  • Personal Finance
  • Retirement
  • Economy
Facebook X (Twitter) Instagram
Trade Verdict
Home»Bonds»Shutdown raises stakes for cities
Bonds

Shutdown raises stakes for cities

EditorialBy EditorialSeptember 30, 2025No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Shutdown raises stakes for cities
Share
Facebook Twitter LinkedIn Pinterest Email


“Native governments could face interruptions in federal company coordination, delays in essential grant funding and general uncertainty for a variety of neighborhood packages,” mentioned Steve Patterson, Mayor of Athens, Ohio and president of the Nationwide League of Cities. 

NLC

Because the federal authorities hurtles in the direction of the primary authorities shutdown because the first Trump administration, cities and cities are involved about extra delays in federal funding. 

“Native governments could face interruptions in federal company coordination, delays in essential grant funding and general uncertainty for a variety of neighborhood packages,” mentioned Steve Patterson, Mayor of Athens, Ohio and president of the Nationwide League of Cities. 

“We acknowledge the respectable coverage considerations outlined by each events over the nation’s price range; nonetheless, we urge members of Congress to proceed working towards consensus and bipartisan compromise for the nice of the nation’s cities, cities and villages.”

The considerations come on prime of strikes by the U.S. Division of Transportation to rescind infrastructure grants that have been authorized throughout the Biden Administration as a part of the Bipartisan Infrastructure Regulation. 

The DOT is steering away from initiatives that comprise parts associated to local weather change, or social justice. Initiatives involving bike lanes are proving to be favourite targets. 

“Is {that a} main federal authorities precedence?” requested DOT Deputy Secretary Steven Bradbury. “If we’re speaking nearly a motorcycle or pedestrian lane, I feel historically one would assume that is extra of an area curiosity.” 

The feedback got here throughout an internet interview with Politico Tuesday. 

Bike lane initiatives in New Mexico, San Diego County, California, Boston, and Fairfield, Alabama have all been reported to be getting the axe. 

“We’re not against bike lanes or pedestrian lanes if it comes with a roadway enchancment,” mentioned Bradbury. 

“However if you happen to’re simply speaking a few small native curiosity on one thing, I feel we have to make the optimum use of the dear federal taxpayer greenback, and we will not simply be throwing cash at all the things that appears like a good suggestion.” 

The DOT claims to be working by way of a backlog of infrastructure initiatives that have been introduced throughout the Biden administration, however the funds have but to be obligated. 

Native infrastructure initiatives are sometimes financed by bonds supplemented with federal grants and loans which at the moment are shifting into the again seat as method funding and public non-public partnerships are attracting extra consideration. 

“Lots of these initiatives contain P3 investments and alternatives for income,” mentioned Bradbury. “We’re centered on is guaranteeing that there is a stable monetary case, in order that the U.S. authorities will get paid again on the loans it extends, and so we do not incur vital funding danger.” 

The DOT can also be working to allay fears in regards to the results of a shutdown on air journey. 

“These air site visitors controllers are a devoted skilled bunch,” Bradbury mentioned. “I noticed that within the five-week lapse in 2018 to 2019. Even with out common paychecks, all of them proceed to work.” 

The Trendy Skies Coalition, which incorporates representatives from 50 airline trade commerce teams is lobbying Congress by way of a letter to the 4 corners of management to chop a deal and keep away from shedding momentum. 

Per the letter, “Shutdowns are extraordinarily detrimental to the passengers and shippers in addition to the aviation neighborhood as a result of they power the FAA to, amongst different issues, droop air site visitors controller and technician hiring and coaching.” 

Whereas bracing for a shutdown the DOT can also be pushing to rent extra ATC’s to fill out a long-time scarcity. 

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Editorial
  • Website

Related Posts

Buffalo comptroller battles to keep away from promoting licensed debt

October 27, 2025

Exploring profitable issuance methods | Bond Purchaser

October 25, 2025

Chicago mayor releases long-awaited Ernst & Younger report

October 25, 2025

Oakland USD receives unfavourable outlook from Moody’s

October 25, 2025
Add A Comment
Leave A Reply Cancel Reply

Trending Posts

Why ConstructKoin (CTK) Is Bringing Actual Property Finance to Web3

October 27, 2025

Consumer Problem

October 27, 2025

Ivanhoe Electrical Broadcasts Full Train and Closing of Underwriters’ Choice for $22.5 Million in Public Providing of Widespread Inventory, Growing Gross Proceeds to $172.5 Million

October 27, 2025

Federal employee union needs authorities shutdown to finish

October 27, 2025
More News
Bonds

Buffalo comptroller battles to keep away from promoting licensed debt

By Editorial
Bonds

Exploring profitable issuance methods | Bond Purchaser

By Editorial
Bonds

Chicago mayor releases long-awaited Ernst & Younger report

By Editorial
Trade Verdict
Facebook X (Twitter) Instagram Pinterest
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms Of Service
© 2025 Trade Verdict. All rights reserved by Trade Verdict.

Type above and press Enter to search. Press Esc to cancel.