The proposal says $1.5 trillion in spending is needed but allocates $200 billion over 10 years, with most of the rest of the funding burden shifted onto states and local governments.
President Trump's appointee running the Consumer Financial Protection Bureau is making radical changes to make the agency less aggressive in its mission. An internal memo obtained by NPR says the CFPB will unveil a new strategic plan on Monday. The moves are frustrating staffers at the bureau.
President Trump released his $1.5 trillion infrastructure financing plan at the White House Monday. The plan calls for spending $200 billion over 10 years to repair and rebuild highways, bridges, airports, seaports, and water systems. Half of that funding will be used as incentives to get cities, counties and states to finance at least 80 percent of the infrastructure costs themselves.
The new head of the Consumer Financial Protection Bureau is making the agency less aggressive in its mission. A new plan calls for it to fulfill "its statutory responsibilities, but go no further."
Many consumers will watch to see where the market swings this week. Few take a direct financial hit when the markets fall, but that can still affect attitudes about the economy — and the president.
Hours before a sale was to be announced, the New York Attorney General sued the Weinstein Company. The suit aims to compensate company employees who were victims of Harvey Weinstein's alleged sexual abuse — or part of a hostile workplace. It appears to have killed the sale for now.
The Senate takes the unusual step of starting an open-ended debate on immigration. The agency that makes sure consumers get a fair deal with financial institutions will make some radical changes.
The proposal is expected to shift much of the funding burden onto states and local governments. Critics say that will lead to higher state and local taxes and an increased reliance on user fees.