At the Congressional Transportation Finance Forum organized by the American Association of State Highway and Transportation Officials (AASHTO), Emilia Istrate discussed with congressional staff the current National Infrastructure Bank proposals.
She explained the current framework of the federal investment in transportation and its associated limitations. In addition, Istrate presented the current National Infrastructure Bank (NIB) proposals. Istrate argued that an NIB, designed appropriately and with sufficient political autonomy, would be a targeted federal investment mechanism in projects of metropolitan and national significance. However, an NIB is not a funding source, a solution to the problems of the current federal transportation system or a replacement of the current federal funding for transportation.
[The fiscal cliff negotiations are] very bad for the economy and for our image in the world. We don't look like a country in charge of its own destiny. That's hard to quantify but it's bad.