Tag: Obama highway bill

Roadbuilding

Obama proposes 6-year, $478 billion highway bill; industry groups voice support

As part of his new, $3.99 trillion budget released Monday, President Barack Obama has proposed $478 billion to fund the country’s transportation and infrastructure work over the next six years. Instead of raising the federal gas tax, Obama’s proposal would be paid for with money generated by a one-time tax holiday for companies with overseas investments. […]

February 2, 2015

Business

White House, transportation leaders push Congress to find a long-term highway funding solution sooner rather than later

The White House, Transportation Secretary Anthony Foxx and several industry associations are urging Congress to find a highway funding solution before the primary source of money, the Highway Trust Fund (HTF), becomes insolvent. The U.S. Department of Transportation (DOT) projects that insolvency to occur by the end of August. White House press secretary Josh Earnest […]

July 9, 2014

Business

President Obama, VP Biden treat 4 construction workers to burgers and fries

The President and Vice President took their lunch outside the White House on Friday and treated four construction workers to burgers and fries as part of the Obama administration’s push to increase highway construction funding. President Barack Obama and Vice President Joe Biden ate at a Shake Shack restaurant a few blocks away from the […]

May 21, 2014

Business

Senate committee unveils text of highway reauthorization bill

The Senate Environment and Public Works (EPW) Committee on Monday night revealed the text of its surface transportation reauthorization bill. Dubbed the MAP-21 Reauthorization Act, the six-year bill would reauthorize surface transportation projects through fiscal year 2020 and is indexed for inflation. Highlights outlined in the bill’s summary include: Six years of fully-funded highway programs Greater transparency of Highway […]

May 13, 2014

Business

DOT Chief Foxx sends long-term highway bill to Congress

The U.S. Department of Transportation announced on Tuesday that Transportation Secretary Anthony Foxx sent a long-term highway bill to Congress. The bill, dubbed the GROW AMERICA Act, is based on President Barack Obama’s 4-year, $302 billion transportation reauthorization proposal. Foxx said the bill aims to create jobs while offering a solution to fix the Highway Trust Fund (HTF) before it runs out of money this […]

April 30, 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

Construction Equipment

Caterpillar CEO talks up prospects of highway bill, says U.S. has a lot to learn about public-private partnerships

What are the prospects for the federal government passing a multi-year highway bill soon? Doug Oberhelman, Caterpillar chairman and chief executive officer, says he was extremely encouraged by President Barack Obama’s recent proposal for a $302-billion, multi-year highway bill. “We have been pushing hard for that at Caterpillar and our customers have been pushing us […]

March 4, 2014