President Trump urged Congress to bring back lawmaker-sponsored project "earmarks" and use them to build support for legislation, at a time his administration is weighing how and when to roll out a long-delayed infrastructure investment plan. Trump made his earmark comments during a White House session with members of Congress from both parties to negotiate an immigration issue that is holding up budget talks. But the congressionally designated appropriations for individual p
No one thinks twice about whether professional sports teams should let corporations buy the naming rights to their stadiums. You expect to hear about AT&T Stadium whenever a sportscaster talks about the home of the Dallas Cowboys. The Texas Rangers play at Globe Life Park in Arlington. The Dallas Mavericks do battle at the American Airlines Center in Dallas. We understand sports franchises are big businesses and selling these corporate sponsorships is one way they make money.
For the first time in more than 30 years, Congress has passed a major overhaul of the tax code. The Senate and House have approved the GOP compromise bill, and President Trump is expected to sign it before the end of the year. The final bill is better than initially expected for state and local governments, but key provisions are still likely to force big changes to their cost of borrowing. The cause of these changes is indirect: The bill's big break for corporations on their
With 2017 marking the first full year since the $5 billion expansion of the Panama Canal, shipments of liquefied petroleum gas and liquefied natural gas combined marked one of the largest uses of the recently enhanced waterway, Ambassador Juan B. Sosa, consul of Panama, said Tuesday.
The transport of cargoes of LPG and LNG, largely from ports along the US Gulf Coast to markets in Asia, has had a "tremendous impact" on the total volume of cargoes transiting through the canal
A $10.9 million upgrade of West Memphis port facilities is under way, increasing connectivity among river, road and rail traffic and offering potential for up to 3,000 new jobs. Arkansas, Crittenden County and West Memphis leaders on Thursday broke ground on the project to beef up rail service to the Port of West Memphis and expand the International Rail Port Logistics Park. West Memphis won a federal grant in 2012 to install heavier-duty rail serving its Mississippi River po
Bigger is proving better at the Panama Canal. More than a year after completing the $5.4 billion, nine-year project to expand locks to meet the maritime world’s drive toward mega-ships, the canal is helping reshape trade flows and supply chains. The WSJ’s Costas Paris writes the bigger Panama Canal has handled more than 2,000 vessels that couldn’t fit through the older canal, adding tens of millions of dollars in new tolls and triggering a trading boom at U.S. East Coast port
Legislative sessions are almost always about the money — how much is available, and who is going to get it. The next session of the Texas Legislature will have the usual suspects in line —school finance, border security, pensions, etc. — but a new entry will be at the front of the line. His name is Harvey. This year’s regular and special legislative sessions were marked by financial wrangling, and by some analysts’ reckoning, lawmakers dug their successors a deep hole. The Te
WASHINGTON U.S. Department of Transportation Secretary Elaine L. Chao today announced the Federal Aviation Administration (FAA) will award $264 million in airport infrastructure grants to 95 airports in 31 states across the United States as part of the FAAs Airport Improvement Program (AIP). The Airport Improvement Program helps to maintain our aviation infrastructure and supports safety, capacity, security and environmental improvements, said Secretary Chao. This is an impor
President Trump’s point person in his push for deregulation has sent regulatory officers at all agencies instructions to submit a budget for fiscal 2018 that produces “a net reduction in total incremental regulatory costs.” In a Sept. 7 memo, Office of Information and Regulatory Affairs Administrator Neomi Rao called on agencies to plan implementation of Trump’s executive orders on easing regulatory burdens by better controlling regulatory cost allowances. The director of the
Charter Transit agencies may take actions, such as providing service for evacuations, returning evacuees from shelters to their homes, transporting utility workers, and providing service to shelter residents, as long as these actions are directly related to Hurricane Harvey, without triggering the charter rule. Transit agencies may provide such services for up to 45 days from a declaration of emergency by the President, governor or mayor. For Texas, the Presidential declarati