Economics

Two key Democratic senators today released state-by-state numbers showing how many jobs would be lost if the current surface transportation authorization bill is not extended by September 30. Sen. Barbara Boxer (D-CA), chair of the Environment and Public Works Committee, and Sen. Tim Johnson (D-SD), chair of the Banking, Housing, and Urban Affairs Committee, sent a letter to their Senate colleagues urging them to act and highlighting the job loss numbers for their state.

The Chamber of Commerce released its annual Transportation Performance Index (TPI) last week [PDF], and you can tell it's due for a total overhaul, because according to the Index, recession-battered 2009 was a banner year for transportation performance.

You’d think the Obama campaign had confused Michigan and Ohio with Iowa and New Hampshire. As his 2012 Republican challengers flooded early primary states last month, the President instead headed to where he could stand beside beaming auto executives and watch proud workers toiling on once-idle assembly lines. The Obama administration and the industry have been making a hard media push this summer, celebrating the auto bailout as a big win — for the politicians who supported it, for the economy that they claim needed it, and for the taxpayer who still begrudges it.

Earlier this week, President Obama spoke to reporters at the White House. Fully aware of the growing concern in the country over the “jobless recovery,” Obama led off by talking about jobs – and pushing Congress to pass a transportation reauthorization. But was he using the wrong talking point?

According to an analysis by the Center for Neighborhood Technology of 2002 mortgage data, 250 people applied for mortgages every day in Chicago, and only 150 were approved. The top reason for rejecting the other 100? Applicants had too much credit tied up in car ownership.

The success of state-level plans to increase gas taxes is tied to the media's portrayal of the proposals in question, with narratives tied to "crumbling infrastructure" and "economic progress" showing more success than those emphasizing long-term transportation budget gaps, according to a new report released by the University of Vermont's Transportation Research Center (TRC).

Should private transit companies enjoy the same federal gas tax exemption that many public operators receive? How does the existence of private inter-city bus service affect the government's development of new high-speed rail lines? And does it matter that private transit firms are eligible for public subsidies, even if at a much smaller rate than public rail and bus agencies?

Women- and minority-owned companies would have an easier time winning federal transportation contracts under a new rule released by the Obama administration today, which comes in the wake of complaints from social-equity advocates that such firms had received just 2 percent of infrastructure contracts awarded under last year’s economic stimulus law. (Photo: CA DOT) The … Continued

The decline in American driving that began at the start of the recession, fueled by record-high gas prices, came to an end late last year. But the Obama administration believes that its transport and energy policies have ushered in a long-term shift, “changing the fuel mix in ways that will drive down gasoline demand,” according … Continued