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President Barack Obama has proposed a funding increase for the National Highway Traffic Safety Administration that would boost the agency's funding by 9 percent to expand investigations into vehicle safety defects.
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President Obama has proposed $478 billion in spending on transportation infrastructure over the next six years in his $4 trillion budget proposal.
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President Obama used his State of the Union address to repeat his call to reform corporate taxes and spend some of the proceeds on a long-term highway bill.
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President Obama signed into law two pieces of legislation extending alternative fuels tax credits and removing the federal Corporate Average Fuel Economy (CAFE) program credit cap for bi-fuel natural gas vehicles (NGVs).
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President Obama has extended a tax benefit that increases small-business expensing and bonus depreciation, which would allow additional expensing for new vehicles and other equipment placed into service by the end of the year.
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Mark Rosekind, a member of the National Transportation Safety Board since June 2010, becomes head of the National Highway Traffic Safety Administration.
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President Barack Obama and Chinese President Xi Jinping have set a goal to lower carbon-dioxide emissions in the U.S. and China by 26 to 28 percent below 2005 levels by 2025.
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Leaders from the U.S. biofuel industry said the Obama administration's Environmental Protection Agency has undermined the commercial success of their industry and left them "in suspended animation."
Read More →U.S. Agriculture Secretary Tom Vilsack has offered support to ethanol producers facing challenges, saying that the White House is committed to boosting use of the fuel in the country's gasoline supply.
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The nation's largest group of medium- and heavy-duty truck drivers criticized President Obama's new fuel-economy rules, which they said would put the price of new trucks out of reach of many truckers.
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