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Jul 31, 2015

Car hacking risk may be broader than Fiat Chrysler: U.S. regulator

WASHINGTON (Reuters) – The cybersecurity issues that led Fiat Chrysler Automobiles NV to recall 1.4 million vehicles this month could pose a problem for cars and trucks from other automakers, the top U.S. auto safety regulator said on Friday.

Mark Rosekind, who heads the National Transportation Safety Administration, said his watchdog agency is trying to determine how many car makers received wireless components from the same company that supplied Fiat Chrysler.

Jul 30, 2015

Senate approves 3-month highway fix to avoid cut-off

WASHINGTON, July 30 (Reuters) – The U.S. Senate voted to
keep vital federal dollars flowing to road and highway projects
for three more months on Thursday, averting a funding cut-off
at the peak of the summer construction season.

The 91-4 vote on the short-term patch, which the House of
Representatives approved on Wednesday, sends the measure to
President Barack Obama for his signature. Without the money, the
federal Highway Trust Fund would become insolvent on Saturday.

Jul 29, 2015

U.S. House approves three-month fix to keep highway funds flowing

WASHINGTON, July 29 (Reuters) – Vital federal dollars would
keep flowing to U.S. road and highway projects for three more
months under a bill approved on Wednesday by lawmakers, moving
to avert a funding cutoff at the peak of the summer construction
season.

The Republican-controlled House of Representatives voted
385-34 in favor of a $12-billion bill to extend highway and mass
transit funding through Oct. 29.

Jul 29, 2015

U.S. sets new final rule on oil, ethanol trains

WASHINGTON (Reuters) – The Obama administration on Wednesday released a new regulation intended to prevent explosive rail disasters such as the 2013 oil train derailment that killed 47 people and destroyed part of Lac-Megantic, Quebec.

The new rule by the Federal Railroad Administration (FRA) requires two qualified railroad employees to ensure that handbrakes and other safety equipment have been properly set on trains left unattended while carrying dangerous materials such as crude oil or ethanol.

Jul 27, 2015

U.S. auto safety regulators fine Fiat Chrysler record $105 million

WASHINGTON (Reuters) – The U.S. auto safety watchdog, toughening its stance against manufacturer defects, announced on Sunday a record $105 million in fines against Fiat Chrysler Automobiles NV (FCHA.MI: Quote, Profile, Research, Stock Buzz) over lapses in safety recalls involving millions of vehicles.

The Italian-U.S. automaker’s consent agreement with the National Highway Traffic Safety Administration contains an unprecedented buyback option covering hundreds of thousands of vehicles, including more than 1 million Jeep sport utility vehicles, whose owners can receive a trade-in or a financial incentive to get their vehicles repaired.

Jul 26, 2015

U.S. auto regulators consider $105 million fine for Fiat Chrysler

WASHINGTON (Reuters) – U.S. auto safety regulators were considering a record $105 million fine for Fiat Chrysler Automobiles NV (FCHA.MI: Quote, Profile, Research, Stock Buzz) over recall lapses involving millions of vehicles, according to people familiar with the matter.

Under a settlement expected to be announced this week, the automaker would also have to repurchase some recalled vehicles but could recoup some of the penalties by meeting certain conditions, the sources said.

Jul 24, 2015

Republican White House hopeful Cruz calls McConnell a liar

WASHINGTON (Reuters) – Republican presidential candidate Ted Cruz ripped into his party’s establishment on Friday, calling Senate Republican leader Mitch McConnell a liar during an unusual public attack on the floor of the Senate.

Amid intense maneuvering over an ambitious $340 billion transportation bill, Cruz railed that McConnell and the Senate’s new Republican majority were serving the interests of big money lobbyists and corporations, because of a move to offer an amendment to reauthorize the U.S. Export-Import Bank.

Jul 22, 2015

U.S. Senate Republicans end bid to pare back oil train safety rule

WASHINGTON, July 22 (Reuters) – Senate Republicans have
backed away from a controversial proposal that would have
repealed a new federal safety rule requiring oil trains to be
equipped with advanced new braking systems.

Republicans eliminated the proposal from a multi-year
surface transportation bill, after coming under pressure from
the Obama administration and Democratic lawmakers, whose support
they need for passage of the legislation, Senate aides said on
Wednesday.

Jul 22, 2015

Senate struggles over long-term transportation funding

WASHINGTON (Reuters) – U.S. lawmakers on Tuesday unveiled an ambitious bipartisan Senate bill containing three years of funding for America’s highways, bridges and rail systems but quickly ran into a roadblock that could force Congress to settle for shorter term fix.

The legislation would provide nearly more $130 billion for surface transportation investments through 2018 and, if passed, would be the first multi-year highway bill in more than decade. It is expected to dominate Senate deliberations into next week as Republicans and Democrats work against a July 31 deadline to keep the national Highway Trust Fund from running out of money.

Jul 21, 2015

Senate in bipartisan push to fund highways, bridges and railways

WASHINGTON (Reuters) – U.S. lawmakers announced a bipartisan Senate transportation bill on Tuesday that would provide three years of funding for America’s highways, bridges and rail systems, creating the possibility of the first multi-year highway bill in more than decade.

The legislation is expected to dominate Senate deliberations over the next several days as lawmakers work against a July 31 deadline to keep the national Highway Trust Fund from running out of money.

    • About David

      "David Morgan has covered news from Wall Street and Fleet Street to the White House, the Pentagon and Congress, including politics, macroeconomics, military affairs, corporate finance, U.S. intelligence, national security and the international markets. He has also reported from Atlanta on the rise of American conservatism, civil rights, homegrown terrorism and the Olympics, and helped chronicle the Sept. 11 attacks and their aftermath from Philadelphia, New York and Washington."
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