A week ago, Congress reached agreement on overall spending caps, which would allow for significant increases in defense and domestic spending in FY2018 and FY2019. Their agreement includes an additional $10 billion per year for two years to put towards different kinds of infrastructure investments (broader than just transportation). Congress now has about six weeks to divide those overall increases into the funding allocations for federal programs and agencies.
On January 30, President Trump delivered his state of the union. A few sentences in his speech referenced the long-delayed infrastructure package, as he called on Congress to pass a bill that would pair any Federal dollars with state, local, and private investments to “build gleaming new roads, bridges, highways, railways, and waterways.”