The House approved a bill by an overwhelming margin of 387-37 on July 23 that would restore $8 billion to the federal Highway Trust Fund with the goal of preventing a revenue shortage in the next fiscal year.
The shortfall could run as high as $14 billion and cost up to 380,000 jobs, according to a statement from a member of the Transportation and Infrastructure Committee. A provision of the bill ensures that the trust fund will remain affluent through the current authorization period, which will end on September 30, 2008.
House passes additional highway funding
Nov 24, 2008
