U.S. Transportation Department Secretary Sean P. Duffy has announced a $4.7 billion investment into rail projects on Amtrak's Northeast Corridor to help revitalize the nation's iconic rail hubs, including New York Penn Station and Washington Union Station.
Throughout the Northeast Corridor, the investment will go towards Upgrading train station infrastructure, Streamlining rail services for Americans, and Rebuilding rail bridge infrastructure. "The Trump Administration is committed to ushering in the Golden Age of American Rail with our revitalizations of New York Penn Station, Washington Union Station, and beyond. This is part of President Trump's agenda to build big, beautiful infrastructure that improves the lives of American families," said Secretary Sean P. Duffy.
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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.