The growing national debt and the future of federal transportation spending

In Politics by Michael Rae

The national debt is going to affect the future of transportation funding, and the public-private partnership community needs to understand why and what the implications for P3s may be.

The most recent parts of the story began on Aug. 1, when Fitch Ratings downgraded the federal government’s bond rating from AAA to AA+. For a company, that might not be a big deal, but for the government of the world’s largest economy, the downgrade was a shot across the bow. This was the second time a rating agency took such an action with the federal government’s bond rating, with S&P doing