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.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.