The U.S. Department of Transportation announced the establishment of a department-wide Credit Council to enhance oversight and management of the Department’s direct loan and loan guarantee programs that are administered by the Maritime Administration, the Federal Railroad Administration, the Federal Highway Administration and the Office of Small and Disadvantaged Business Utilization. Currently, the Department’s four credit programs are responsible for $7.5 billion in outstanding loans and guarantees (including pending commitments). "As we continue to build a transportation infrastructure and transportation assets that keep our economy moving…
