White House suspends approximately $26 billion in funding for infrastructure and climate initiatives.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 02 2025
0mins
Source: SeekingAlpha
Funding Freeze and Cancellations: The Trump administration has frozen or canceled approximately $26 billion in funding for infrastructure and climate-related projects due to the federal government shutdown, with $18 billion in New York City projects, including the Hudson Tunnel Project and the Second Ave Subway, being put on hold.
Review and Termination of Projects: The Department of Energy announced the termination of nearly $8 billion in funding for 223 climate-related projects across 16 states, citing that these projects did not meet the nation's energy needs or provide a positive return on investment for taxpayers.
Analyst Views on PAVE
Wall Street analysts forecast PAVE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PAVE is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 51.650
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Current: 51.650
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
