Tag: highway funding: Page 31

Roadbuilding

Obama criticizes House GOP bill for major cuts to job-creating program

President Barack Obama said on Saturday that the House Republicans’ proposed budget would slash a job-creating program by 80 percent. The comment came during Obama’s weekly address at the White House, where he reiterated Transportation Secretary Anthony Foxx’s warning that if Congress fails to pass a surface transportation reauthorization bill that addresses the nearly-insolvent Highway […]

May 19, 2014

Roadbuilding

Senate EPW approves 6-year highway bill; funding questions linger

The Senate Environment and Public Works Committee unanimously approved a six-year surface transportation reauthorization bill Thursday morning. Related: President Obama brings focus to highway bill during National Transportation Week 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 […]

May 15, 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

Roadbuilding

President Obama brings focus to highway bill during National Transportation Week

The White House announced on Friday that May 11-17 is National Transportation Week and May 16 is National Defense Transportation Day. The announcement comes as Infrastructure Week begins, bringing several conferences, roundtables, educational seminars and other infrastructure-related events to Washington, D.C. Related: Infrastructure jobs can boost U.S. employment; highway funding push continues The president notes […]

May 12, 2014

Roadbuilding

Infrastructure jobs can boost U.S. employment; highway funding push continues

Buzz about infrastructure investment continues today as a number of reports and statements are released. The Brookings Institution released a report today on infrastructure employment, and earlier this week AAA pushed for a gas tax hike, 50 Chambers of Commerce urged Congress to fix the Highway Trust Fund (HTF) and the Institution on Taxation and […]

May 9, 2014

Business

Senators to release long term highway bill on Monday, markup set for Thursday

U.S. senators from the Environment and Public Works and Transportation and Infrastructure committees have announced that they will release the text of their new highway bill on Monday with a markup of the bill coming Thursday. Chairman of the EPW committee, Sen. Barbara Boxer (D-California) previously said she wanted to release the bill’s text this week, but […]

May 9, 2014

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

Missouri’s new sales tax hike expected to generate $534 million each year for transportation

The Missouri Senate on Tuesday passed a less than 1-cent sales tax increase aimed at improving transportation in the state, The Kansas City Star reports. If approved by legislature, the 3/4-cent sales tax hike would generate $534 million each year for 10 years. According to the report, the Missouri Department of Transportation (MoDOT) needs $485 […]

April 30, 2014

Roadbuilding

Texas leads U.S. with largest road repair debt

How much does your state need each year to fund necessary road repairs through 2017? Texas needs $4,636 million annually, making it the state with the highest amount of funding needed, according to a report from Bloomberg. Following close behind are North Carolina ($3,959 million), Virginia ($3,089 million), Pennsylvania ($2,203 million) and South Carolina ($2,099 […]

April 25, 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

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