The U.S. Department of Transportation's Federal Highway Administration (FHWA) has announced the immediate disbursal of $3 million in "quick release" (QR) Emergency Relief (ER) funds to offset costs associated with traffic management services and repairs to infrastructure needed as a result of damage caused by wildfires in Lahaina on the island of Maui earlier this month.
"The nation watched with broken hearts as wildfires took lives and livelihoods in Maui - and the nation will stand with Maui as it rebuilds," said U.S. Transportation Secretary Pete Buttigieg. "This emergency funding will help residents get transportation networks?back up and running with traffic signal replacements, erosion control, guardrails, and more - and we will continue work to protect communities against these increasingly frequent climate disasters." ?
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.