Name: Rail's big moment is arriving
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Rail's big moment is arriving

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Illustration: Sarah Grillo/AxiosPassenger rail could be the big winner if Congress moves ahead with President Biden's ambitious infrastructure plan. Why it matters: There's long been bipartisan support for rebuilding America's crumbling infrastructure, but under Biden, the focus has shifted to sustainable projects that fulfill both his climate and equity goals, such as rail transit.Driving the news: Right now, the Biden administration is trying to get his $1.9 trillion COVID stimulus package through Congress (including $30.5 billion in emergency funding for public transit). But soon the House and Senate will turn their attention to infrastructure spending. The big picture: Rail advocates see a rare opportunity to go big with "Amtrak Joe" in the White House. Details: For starters, there is plenty of "low-hanging fruit" like installing better signaling equipment, updating rail stations and deploying modern train cars on existing lines like Amtrak's Northeast Corridor, Gail said.Within cities, meanwhile, new light-rail systems could help ease traffic and promote economic growth, as they have in places like Seattle and Denver. Yes, but: To ensure transportation equity, planners need to get buy-in from affected residents, said Paul Skoutelas, CEO of American Public Transportation Association. Senate Majority Leader Chuck Schumer is privately saying he can pass President Biden's $1.9 trillion coronavirus package but wants to avoid any last-minute changes jeopardizing its trajectory, three sources familiar with the talks tell Axios.Why it matters: While the president hoped to enlist Republican support for the measure, Schumer has worked to ensure he has a solid 50 votes to muscle it through if necessary. A parliamentary ruling Thursday improved his chances.Warren Buffett called progress in America "slow, uneven and often discouraging," but retained his long-term optimism in the country, in his closely watched annual released Saturday morning.Why it matters: It breaks months of uncharacteristic silence from the 90-year-old billionaire Berkshire Hathaway CEO — as the fragile economy coped with the pandemic and the U.S. saw a contentious presidential election.Food delivery companies have predictably done well during the pandemic. But restaurant software providers are also having a moment as eateries race to handle the avalanche of online orders resulting from severe in-person dining restrictions. Driving the news: and to be preparing to do the same very soon.

Illustration: Sarah Grillo/AxiosPassenger rail could be the big winner if Congress moves ahead with President Biden's ambitious infrastructure plan. Why it matters: There's long been bipartisan support for rebuilding America's crumbling infrastructure, but under Biden, the focus has shifted to sustainable projects that fulfill both his climate and equity goals, such as rail transit.Driving the news: Right now, the Biden administration is trying to get his $1.9 trillion COVID stimulus package through Congress (including $30.5 billion in emergency funding for public transit). But soon the...

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Joann Muller

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Rail's big moment is arriving

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