The new federal spending package signed by President Donald Trump provides $700 million for Amtrak’s Northeast Corridor, an increase over current levels. Some of those funds will be spent on Gateway Tunnel project, and there’s also some money in the budget to help pay for replacing the Portal Bridge.
Low mortgage rates continue to prop up the housing market. The Commerce Department says in the U.S., new homes sales increased 1.3% in November from the prior month. But in the Northeast, new homes sales surged more than 50% last month.
The CEO of Boeing has been fired, months after the company ground its best-selling 737 MAX jets, following fatal crashes.