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States push to shift road funds to transit and bike projects as Trump threatens cuts

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States push to shift road funds to transit and bike projects as Trump threatens cuts
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States push to shift road funds to transit and bike projects as Trump threatens cuts

2025-03-22 15:12 Last Updated At:15:20

CHICAGO (AP) — Hundreds of bicycle advocates were at an annual summit this month in Washington, D.C., when their cellphones lit up over breakfast with an urgent email warning that President Donald Trump's transportation department had just halted federal grant funding for bike lanes.

As the administration targets green energy projects championed by former President Joe Biden that boosted transit, recreational trails and bicycle infrastructure, several states are banding together to advance those priorities on their own.

California, Illinois, Maryland, Michigan, Minnesota, New York and Pennsylvania joined forces for a national organizing effort dubbed the Clean Rides Network. The group gained momentum in various statehouses this year on environmentally friendly transportation projects it contends the federal government has abandoned.

“These are changes we need to make anyway, but they’re more urgent than ever,” said Justin Balik, senior state program director for the environmental advocacy group Evergreen Action and one of the organizers of the Clean Rides Network. “I’ve been calling the state departments of transportation the next frontier of climate advocacy.”

Although Colorado wasn't among the seven charter members of the Clean Rides Network, a policy enacted there set the framework for one of its most ambitious goals.

In 2021, Gov. Jared Polis committed to a dramatic reduction in Colorado's greenhouse gas emissions and employed a novel approach to accelerate the timeline. Whenever the state's transportation department commits money to a large-scale project that increases vehicle traffic such as a new highway, it must also pursue a corresponding project to offset the environmental harms.

Two major highway expansion projects were canceled because of the policy, said Matt Frommer of the Southwest Energy Efficiency Project. The group advocated for the change.

Colorado used the savings to expand an intercity bus service that has soared in popularity for urban residents and tourists traveling to ski resorts.

Polis' vision lined up with the multimodal transportation aims under the $1.1 trillion bipartisan infrastructure law Biden signed that year. In the final months of Biden's administration, the city of Denver won a $150 million federal grant to build a rapid transit bus line along one of its busiest corridors.

Frommer, a transportation and land use policy manager, said there are fears that states will now have to pursue projects like that on their own.

“If your state cares about climate change, you need to take the reins and step up and direct your transportation funds to projects that are going to reduce emissions," Frommer said. “We may not be able to rely on the federal government to put that policy in place or to really help you in many ways.”

Minnesota followed Colorado's lead and adopted a similar rule to offset greenhouse emissions. Other states that are part of the network are pushing proposals this session.

The Maryland House recently passed its version of the Colorado law, and Senate sponsor Shelly Hettleman said she's cautiously optimistic it will win final passage before lawmakers adjourn.

In trying to persuade her colleagues, Hettleman has focused less on the environmental benefits than what she sees as economic ones. A study commissioned by the Colorado transportation department projected up to $40 billion in savings through improved air quality, road safety and reduced traffic congestion, among other things.

Lawmakers in the Clean Rides states of Illinois and Massachusetts have advanced similar proposals, but they've encountered resistance from some business leaders and advocates for road construction.

“This is another ill-advised piece of legislation, not based upon science, that will defer needed improvements to our crumbling transportation infrastructure in Illinois," said Mike Sturino, president and CEO of the Illinois Road and Transportation Builders Association. “Commuters will have to wait for improvements to our existing interstate system, as this bill would delay addressing unsafe conditions on our roads and bridges.”

Although most of the state leaders who have pushed alternative transportation options have been Democrats, the Clean Rides Network said more conservative states have shown interest in some of the topics, too.

Just as Colorado's anticipated cost savings helped spur legislation in Maryland, economic concerns continue to be foremost in the minds of residents, with some studies showing that transportation ranks second to housing in consumer costs.

“Forget about the cost of eggs. It’s never been more expensive to drive a car,” said Miguel Moravec with the nonprofit climate think tank RMI, which created a calculator to help states project the money they could save through policies that reduce emissions.

Virginia employs a scale that scores potential transportation projects based on factors such as safety, congestion relief, and environmental impacts.

Utah launched an ambitious transit plan for the rapidly growing state, while Montana implemented land use and zoning reforms that made cities more walkable.

Muhammed Patel, senior transportation advocate for the Natural Resources Defense Council in Chicago, said states are at least rethinking some of their policy priorities.

“We do live luckily in a country where states have authority over their own transportation systems,” Patel said. “There’s flexibility innately built in.”

FILE - A bicycle lane along Market Street in Philadelphia, on June 4, 2018. (AP Photo/Matt Rourke, File)

FILE - A bicycle lane along Market Street in Philadelphia, on June 4, 2018. (AP Photo/Matt Rourke, File)

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Stock market today: Asian shares are mixed after tech-fueled gains on Wall Street

2025-03-24 15:12 Last Updated At:15:20

HONG KONG (AP) — Asian shares were mixed Monday after gains in technology stocks snapped Wall Street’s four-week losing streak.

U.S. stock futures advanced as investors awaited developments on U.S. President Donald Trump’s tariffs, as reports suggested he may narrow his broad approach to focus on countries that run significant trade surpluses with the U.S. That includes many countries in Asia.

President Donald Trump has set an April 2 deadline to impose more tariffs on trading partners. It follows a series of other deadlines that have been set for tariffs only to be postponed, sometimes at the last minute.

Chinese Premier Li Qiang struck a conciliatory tone during a meeting with business leaders and U.S. Senator Steve Daines, a strong supporter of President Donald Trump, who is the first member of Congress to visit Beijing since Trump took office in January.

Relations between the countries “have come to an important juncture,” Li said. “Our two sides need to choose dialogue over confrontation, win-win cooperation over zero-sum competition,” he said, adding that China hoped that the U.S. would work together to promote the steady and sustainable development of the China-U.S. relations.

The meeting also involved the leaders of several American businesses, including FedEx Corp. CEO Raj Subramaniam, Boeing Co.’s senior vice president Brendan Nelson, Qualcomm’s CEO Cristiano Amon and Pfizer’s CEO Albert Bourla.

“In recent days, Trump administration officials have signaled that the list of affected countries may not be universal, and existing tariffs — such as those on steel — may not necessarily be cumulative,” Junrong Yeap of IG said in a commentary, adding that , “optimism has surfaced that Trump’s tariff plans may once again be more bark than bite.”

Hong Kong's Hang Seng gained 0.4% to 23,787.71, and the Shanghai Composite Index rose 0.2% to 3,370.03.

In Tokyo, the Nikkei 225 edged 0.2% lower to 37,608.49 after a preliminary report on manufacturing showed output falling at its fastest pace in a year, while new orders fell more quickly.

Australia's S&P/ASX 200 added 1%, closing at 7,936.90, while Korea's Kospi lost 0.4% to 2,632.07.

Taiwan's Taiex declined 0.4% while the Sensex in India was up 1.3%.

On Friday, the S&P 500 edged up 0.1% to 5,667.56, finishing with a 0.5% weekly gain. It’s still down 4.8% so far this month.

The Dow Jones Industrial Average eked out a 0.1% gain to 41,985.35, while the Nasdaq composite rose 0.5% to 17,784.05.

Technology stocks bounced back to offset a big share of the declines elsewhere in the S&P 500. The sector has been at the center of much of the market's recent sell-off in a reversal from their market-driving gains throughout the previous year. The stocks are among the most valuable on Wall Street and have outsized impacts on whether the market gains or loses ground.

Apple rose about 2% and Microsoft added 1.1%. Another Big Tech stock, Nvidia, fell 0.7%, while Micron Technology slid 8% for the biggest decline among S&P 500 stocks.

Stocks have been losing ground for weeks over uncertainty about the direction of the U.S. economy. A trade war between the U.S. and its key trading partners threatens to worsen inflation and hurt both consumers and businesses. Inflation remains stubbornly above the Federal Reserve's goal of 2% and tariffs could hurt the central bank's efforts to ease the rate of inflation.

A recent batch of economic reports on home sales, industrial production and unemployment reinforced the view that the economy is holding strong. But other reports on consumer sentiment and retail sales have revealed rising caution from consumers.

Businesses have been warning investors about tariffs, inflation and growing uncertainty about the impact to costs.

Homebuilder Lennar fell 4% after giving investors a weaker-than-expected forecast for new orders and average sales prices for the current quarter. It said high interest rates, inflation, and waning consumer confidence are weighing on an already tough housing market.

In other dealings Monday, U.S. benchmark crude oil edged 1 cent higher to $68.29 per barrel in electronic trading on the New York Mercantile Exchange.

Brent crude, the international standard, dropped 3 cents to $71.13 per barrel.

The U.S. dollar rose to 149.76 Japanese yen from 149.37 yen. The euro inched up to $1.0845 from $1.0816.

People work on the floor at the New York Stock Exchange in New York, Wednesday, March 19, 2025. (AP Photo/Seth Wenig)

People work on the floor at the New York Stock Exchange in New York, Wednesday, March 19, 2025. (AP Photo/Seth Wenig)

A stock market trader watches his monitors on the trading floor of the Frankfurt Stock Exchange, Germany, Thursday, March 20, 2025. (Arne Dedert/dpa/dpa via AP)

A stock market trader watches his monitors on the trading floor of the Frankfurt Stock Exchange, Germany, Thursday, March 20, 2025. (Arne Dedert/dpa/dpa via AP)

The display board with the Dax curve in the trading hall of the Frankfurt Stock Exchange, Germany, Thursday, March 20, 2025. (Arne Dedert/dpa/dpa via AP)

The display board with the Dax curve in the trading hall of the Frankfurt Stock Exchange, Germany, Thursday, March 20, 2025. (Arne Dedert/dpa/dpa via AP)

A currency trader reacts near a screen showing the Korea Composite Stock Price Index (KOSPI), top left, and the foreign exchange rate between U.S. dollar and South Korean won, top center, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, March 21, 2025. (AP Photo/Ahn Young-joon)

A currency trader reacts near a screen showing the Korea Composite Stock Price Index (KOSPI), top left, and the foreign exchange rate between U.S. dollar and South Korean won, top center, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, March 21, 2025. (AP Photo/Ahn Young-joon)

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