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Tag: Highway Trust Fund shortfall
Business
Senate committee approves 6-year highway bill but funding questions remain
The Senate Environment and Public Works Committee unanimously approved a six-year surface transportation reauthorization bill Thursday morning. Top committee members Sens. Barbara Boxer (D-Calif.), committee chairman; David Vitter (R-La.), committee ranking member; Tom Carper (D-Del.), chairman of the Subcommittee on Transportation and Infrastructure; and John Barrasso (R-Wy.), subcommittee ranking member unveiled the bill, known as the MAP-21 Reauthorization […]
May 19, 2014
Roadbuilding
DOT continues to project Highway Trust Fund shortfall in August
The U.S. Department of Transportation maintains its projection that the Highway Trust Fund will shortfall in August, according to the latest update of the agency’s Highway Trust Fund Ticker. Transportation Secretary Anthony Foxx introduced the Ticker in January. It is designed to provide a monthly update on the HTF’s remaining balance. Last month, the DOT […]
May 14, 2014
Business
Obama prepares to send $302 billion highway bill to Congress, but will it be enough?
President Barack Obama is preparing to present his proposed $302 billion, four-year transportation reauthorization bill to Congress. Transportation Secretary Anthony Foxx announced on the DOT’s Fast Lane blog that the president plans to send a draft of the legislation to lawmakers, though no specific timetable has been presented. “Soon, the Obama Administration will do exactly […]
April 24, 2014
Business
DOT now predicts Highway Trust Fund will run out of money by end of August
In its latest update of the Highway Trust Fund Ticker, the U.S. Department of Transportation predicts the HTF to run out of money by the end of August. In the ticker update, the DOT notes that the Highway Account started fiscal year 2014 with about $1.6 billion, and $9.7 billion was transferred from the General Fund. […]
April 16, 2014
Business
DOT says Highway Trust Fund could face shortfall by late July
The U.S. Department of Transportation has updated its Highway Trust Fund Ticker to show that the fund could shortfall as early as the end of July. The DOT notes that the HTF “will encounter a shortfall before the end of fiscal year (FY) 2014,” adding that “the surface transportation program continues to outlay at a […]
March 18, 2014
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