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
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.