Bank of the West Instant Analysis for February 10, 2016

Instant Analysis: Chair Yellen’s Semi-Annual Humphrey-Hawkins Testimony to Congress Key Insights From Chair Yellen’s Testimony Before Congress Today Chair Yellen kept her options open on rate hikes this year.  No additional information on timing or number of Fed interest rate hikes this year.  However, there was plenty of reference to global growth risks and deteriorating […]

Federal Review of MTC’s Role in the Bay Area Transportation Planning Process

Federal Review of MTC’s Role in the Bay Area Transportation Planning Process The Federal Highway Administration (FHWA) and the Federal Transit Administration (FTA) are reviewing MTC’s performance as the transportation planning agency for the nine-county San Francisco Bay Area. How are we doing? What: Public Listening Session Sponsored by FHWA and FTA Date: Tuesday, February […]

Bank of the West US Outlook Report for December 18, 2015

US Outlook Report: FOMC Signals a Return to Normalcy Citing considerable improvement in labor market conditions – specifically job gains, declining unemployment, and diminished underutilization of labor resources – the FOMC went ahead with its first interest rate hike in more than nine years. The move raises the Fed funds target rate to 25 to […]

Omnibus Drought Report Language

ARMY CORPS: Western Drought Contingency Plans.-The Corps of Engineers carries out water control management activities for Corps of Engineers and non-Corps of Engineers projects as required by federal laws and directives. These activities are governed by the establishment of water control plans. Many of these plans and manuals were developed decades ago and are required […]

Wildfire: No Budget Overhaul, but ‘Borrowing’ Likely Averted in 2016

WILDFIRE: No budget overhaul, but ‘borrowing’ likely averted in 2016 Phil Taylor, E&E reporter Published: Thursday, December 17, 2015 While Congress’s fiscal 2016 spending package provides no long-term funding overhauls for wildfire, it does provide a one-time boost in suppression cash to prevent the disruptive practice of “fire borrowing.” The package would provide $2.1 billion for […]

Interior-Environment: EPA Stays Level, Avoid WOTUS Rider

Interior-Environment: EPA Stays Level, Avoids WOTUS Rider By Ed Felker, CQ Roll Call   Republicans largely backed down in their push to use the appropriations process to stop major environmental regulations by the Environmental Protection Agency and the Interior Department in the $1.15 trillion fiscal 2016 omnibus spending bill announced late Tuesday, leaving out a […]

Western Water: Feinstein Touts “Progress” on Drought Bill

WESTERN WATER: Feinstein touts ‘progress’ on drought bill Debra Kahn, E&E reporter Published: Wednesday, December 16, 2015   Sen. Dianne Feinstein’s (D-Calif.) quest to introduce a bill addressing California’s drought continued yesterday when she sat down with federal officials responsible for ensuring compliance with the Endangered Species Act. Negotiations with California House Republicans fell apart late […]

Appropriations: Deal to Reform Wildfire Budget, Hasten Logging Gains Momentum

APPROPRIATIONS: Deal to reform wildfire budget, hasten logging gains momentum Phil Taylor, E&E reporter  Published: Friday, December 11, 2015  A pending deal to reform the nation’s wildfire spending and expedite logging on national forests is picking up momentum as a potential tag-along to the 2016 omnibus spending package, according to multiple sources close to Capitol […]

Water Policy: Court to Decide Small Question with Big Impact on Obama Rule

WATER POLICY: Court to decide small question with big impact on Obama rule Jeremy P. Jacobs and Tiffany Stecker, E&E reporters Published: Monday, December 7, 2015 A federal appeals court will grapple tomorrow with whether to review President Obama’s controversial rule defining the scope of the Clean Water Act. The 6th U.S. Circuit Court of Appeals in Cincinnati […]

Feinstein Statement on California Water Negotiation

For Immediate Release December 4, 2015 Contact: Tom Mentzer (202) 224-9629   Feinstein Statement on California Water Negotiations               Washington—Senator Dianne Feinstein (D-Calif.) today released the following statement on California water negotiations:             “I want to set the record straight. To imply that the federal or state governments have signed off on a water […]