U.S. Transportation Secretary Pete Buttigieg announced more than $5 billion in Large Bridge Project awards through the Federal Highway Administration's (FHWA) competitive Bridge Investment Program.
The grants will fund the reconstruction, repair, and restoration - using American-made materials - of 13 nationally significant bridges in 16 states that connect communities to jobs and resources, support the economy, and serve as critical corridors for freight travel. These projects will also address important safety issues and make the bridges more resilient to extreme weather, all while creating good-paying jobs.
For comments and feedback contact: editorial@rttnews.com
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.