Tag: Highway Trust Fund: Page 30

Roadbuilding

House Appropriations panel approves THUD bill; DOT Chief Foxx reiterates repercussions of Highway Trust Fund insolvency

A panel in House Appropriations Committee approved the committee’s transportation and housing bill on Wednesday, while Transportation Secretary Foxx discussed problems the U.S. will face if a new highway bill is not passed. The transportation and housing bill, which makes appropriations for the Departments of Transportation, and Housing and Urban Development (THUD) through September 2015, […]

May 8, 2014

Roadbuilding

Senate EPW pushes highway bill release to Monday, announces Thursday markup

Sens. Barbara Boxer (D-Calif.), chairman of the Senate Environment and Public Works (EPW) Committee; David Vitter (R-La.), EPW ranking member; Tom Carper (D-Del.), chairman of the Transportation and Infrastructure (T&I) Subcommittee; and John Barrasso (R-Wy.), T&I ranking member on Thursday announced that the committee will release the text of its new highway bill Monday and […]

May 8, 2014

Roadbuilding

Pew charts display need for transportation investment

You’ve heard it before, and you’ll hear it increasingly more as September draws closer: The highways and infrastructure in the U.S. need greater investment. The current highway bill, MAP-21, will expire in September, and Congress is working to pass a new bill before that expiration date. The Senate Commerce Committee is scheduled this week to […]

May 5, 2014

Roadbuilding

Senate Commerce Committee to review GROW AMERICA Act; EPW Committee to unveil its portion of highway bill next week

The new highway bill is heating up as the Senate Commerce Committee prepares to review the GROW AMERICA Act and the Senate Environment and Public Works (EPW) Committee plans to unveil its portion of the bill next week. The Commerce Committee is slated to review the GROW AMERICA Act on May 7 in a hearing […]

May 1, 2014

Roadbuilding

DOT Chief Foxx sends highway bill to Congress; bill reflects President Obama’s 4-year, $302 billion reauthorization proposal

The U.S. Department of Transportation (U.S. DOT) announced on Tuesday that Transportation Secretary Anthony Foxx is sending a long-term transportation bill to Congress. Related: Foxx: Insolvent transportation system could cost 700k jobs The bill, dubbed the GROW AMERICA Act, is based on President Barack Obama’s 4-year, $302 billion transportation reauthorization proposal. Foxx said last week […]

April 29, 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

Roadbuilding

Obama to present Congress with proposed transportation reauthorization bill

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 23, 2014

Roadbuilding

CBO: Highway Trust Fund would shortfall under Obama’s proposed budget

The Highway Trust Fund (HTF) would run out of money under President Barack Obama’s proposed $302 billion, four-year highway budget, according to data released from the Congressional Budget Office (CBO). In addition to allocating funds to various transportation sectors, the bill offers a one-time $150 billion cash infusion. However, the CBO says that is not […]

April 21, 2014

Roadbuilding

DOT Chief Foxx reiterates urgency to fix Highway Trust Fund during Alabama visit

Secretary of Transportation Anthony Foxx says a short-term solution won’t do this go-around for transportation funding, and he’s on the road this week pushing the Obama administration’s four-year $302 billion plan and making localities and citizens aware of the Highway Trust Fund’s (HTF) nosedive. Foxx spoke in Birmingham, Ala., Wednesday in the eighth stop of […]

April 17, 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

Roadbuilding

U.S. DOT predicts August shortfall in latest Highway Trust Fund Ticker update

In its latest update of the Highway Trust Fund Ticker, the U.S. Department of Transportation predicts the HTF to shortfall as early as the end of August. The agency previously predicted a shortfall in late July. Related: 5 Options for Avoiding Highway Trust Fund Insolvency The HTF provides funding to the majority of projects in […]

April 15, 2014

Roadbuilding

Foxx: Insolvent transportation system could cost 700k jobs

Transportation Secretary Anthony Foxx said Thursday that if lawmakers don’t fix the nation’s transportation system that is “teetering on the edge of insolvency,” 700,000 people could lose their jobs, The Christian Post reports. Foxx’s warning came during the national convention of Al Sharpton’s National Action Network in New York City, just days before his infrastructure investment […]

April 14, 2014