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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Political News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.