Author: Reporter

The Biden administration on December 5 said it will give more than $6 billion to a pair of high-speed electric rail routes in the U.S. West, injecting new life into long-stalled projects hailed by supporters as the future of public transportation but bemoaned by critics for their high price tags and lengthy construction times. U.S. senators from California and Nevada said the federal government will give $3 billion for a planned privately-owned route between Las Vegas and the Los Angeles area plus another $3.1 billion for an initial segment of California’s publicly-funded effort to eventually connect Los Angeles and...

The U.S. Postal Service announced sweeping plans in February to reduce greenhouse emissions by diverting more parcels from air to ground transportation, boosting the number of electric vehicles, cutting waste sent to landfills and making delivery routes more efficient. Postmaster General Louis DeJoy described a mix of environmental initiatives and cost-cutting business practices that together would combine to reduce the Postal Service’s contribution to planet-warming greenhouse gas emissions by 40% over five years, meeting the Biden administration environmental goals in the process. “We reduce costs, we reduce carbon. It’s very much hand in hand,” said DeJoy, who acknowledged being...

The net worth of the typical U.S. household grew at the fastest pace in more than three decades from 2019 through 2022, while low interest rates made it easier for households to pay their debts, according to a government report in October. Wealth for the median household — the midpoint between the richest and poorest households — jumped 37% during those three years, the Federal Reserve reported, to nearly $193,000. The figures are adjusted for inflation. The increase reflected primarily a jump in home values, higher stock prices, and a rise in the proportion of Americans who own homes...