The aging infrastructure of Newark Liberty International Airport is not merely a minor inconvenience for travelers; it’s a harbinger of larger systemic failures in America’s air transport network. As reported recently, U.S. Department of Transportation Secretary Sean Duffy has announced the reduction of flights in and out of Newark, alongside a long-overdue proposal to rebuild
Politics
The recent developments in the House Ways and Means Committee regarding the proposed tax bill brings us to a crossroads in fiscal policy, where significant implications for middle-class families lurk behind lofty promises. The draft unveiled is an undeniable telling sign of the direction we might be heading: a $5 trillion venture into irrevocable debt
Amid the tumult of budget reconciliation in Congress, a significant shift is occurring within the power industry, particularly for publicly owned utilities. With the passing of the Inflation Reduction Act, the introduction of the elective pay program—essentially a mechanism transforming tax credits into immediate cash—has opened up an avenue for greater investment in nuclear energy.
In a pivotal moment for American tax policy, a recent discussion featuring Rep. Nick LaLota (R-N.Y.) has illuminated the complex dynamics surrounding the state and local tax (SALT) deduction cap instituted by the Tax Cuts and Jobs Act (TCJA) in 2017. This seemingly dry issue has garnered vitality due to its implications for both fairness
The Federal Open Market Committee (FOMC) has made headlines by opting to keep interest rates firmly within the 4.25% to 4.5% range. This decision is indicative of a growing trepidation surrounding the economic landscape, characterized by climbing inflation and rising unemployment fears. Analysts and economists alike are increasingly skeptical, positing that a cut in rates
In recent months, the U.S. Department of Transportation (DOT) has made headlines with its announcement to unleash a potent $3.2 billion funding package for critical infrastructure projects. This move, spearheaded by Transportation Secretary Sean P. Duffy, aims to reinvigorate a stagnant construction landscape that has been riddled with delays and bureaucratic red tape. Duffy’s assertion
In an exhilarating turn of events that has sent ripples of optimism through the streets of New York City, the Metropolitan Transportation Authority (MTA) is on the verge of a significant revival thanks to the newly ratified state budget deal. Under the leadership of CEO Janno Lieber, the MTA is now poised to address an
In a bold move, President Trump has unveiled a budget proposal that suggests $163 billion in spending cuts for the upcoming fiscal year. This decision has sparked intense discussions across multiple sectors, especially in aviation. While the transportation sector has long been recognized as the backbone of our economy, the proposed cuts could jeopardize crucial
In a striking turn of events within the House Transportation and Infrastructure Committee, the Republican budget reconciliation bill has sparked a firestorm of criticism, highlighting a disconcerting trend of negligence when it comes to funding critical infrastructure. The decision to drop a proposed $20 annual vehicle registration that aimed to bolster the long-struggling Highway Trust
In today’s economic climate, the rising costs of housing demand urgent attention. Critics often sound off about inflation eroding purchasing power, but the reality is more alarming than mere numbers on a report. With a national housing inflation rate pegged at 4%, and an even steeper spike of 4.5% in the Pacific Northwest, many Americans