U.S. Transportation Secretary Pete Buttigieg announced the first round of grants totaling more than $94 million for 59 projects across the country through the new Strengthening Mobility and Revolutionizing Transportation (SMART) Grants Program.
The competitive grant program provides State, local, and Tribal governments $500 million over five years to leverage technology to create safer, more equitable, efficient, and innovative transportation systems.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.