Posts Tagged "highway trust fund"
Budget battles leave a cloud over transportation funding as lame duck session looms
Same story, different year. Once again, we’re nearing the beginning of a new (fiscal) year on October 1, and Congress has failed to pass a budget to fund the government for the upcoming year. Even if Congress passes a temporary budget to avert a shutdown —which is looking likely — important transportation programs could still be put on hold on until Congress passes a full budget.
Congress postpones insolvency, but uncertainty still plagues the Highway Trust Fund’s future
The last-minute patch to the Highway Trust Fund that Congress enacted on the way out the door last week delayed immediate insolvency, but it hardly ends the uncertainty for states or addresses our nation’s long-term prospects.
T4America statement in response to Senate adoption of stopgap to avoid Highway Trust Fund insolvency
The Senate today approved a House-passed measure to transfer $10.8 billion from the general fund to cover the looming shortfall in the Highway Trust Fund until next spring. The stopgap bill, which now heads to President Obama’s desk, comes one day before a deadline to avoid significant funding cuts during the height of construction season. James Corless, director of Transportation for America, issued this statement in response:
Senate passes plan to postpone transportation insolvency to the end of the year, sends it to House
Late Tuesday evening, the Senate modified and approved a measure transferring about $8 billion from the general fund to keep the Highway Trust Fund solvent until the end of the year. But because two amendments were made, it’ll return to the House for further action before any final deal can be approved on postponing insolvency of the nation’s transportation program. The House will have to act fast: the long August recess is scheduled to begin in just three days.
Senate poised to take up House plan to patch Highway Trust Fund until Spring 2015
Sometime this week the Senate is expected to take up and vote on the House’s bill to postpone the insolvency of the Highway Trust Fund until May of 2015 via an array of accounting maneuvers to cover ten months of transportation funding.
Senate, House committees approve short-term rescue of trust fund; long-term solution still needed
The Senate Finance and House Ways and Means committees today each passed similar short-term patches to keep the Highway Trust Fund in the black at least through early 2015. If adopted by the full House and Senate, the move to transfer $10.8 billion to the trust fund will avert immediate disaster, but there’s still heavy work needed to find a long-term funding solution.
House proposes a trust fund Band-aid through May, 2015, with key differences from Senate
A House proposal to shore up the transportation trust fund through May, 2015, is a good news, not-so-good news proposition. Late yesterday, House Ways and Means Chairman Dave Camp (R-MI) proposed a $10.8 billion infusion to cover a looming deficit in the Highway Trust Fund. The money for the next few months would come mostly […]
On C-SPAN, T4A’s Beth Osborne finds agreement with Heritage on HTF, walkability
Our compatriot Beth Osborne engaged in a spirited discussion on gas taxes and the crashing highway trust fund this morning on C-Span’s Washington Journal this morning. Watch the video here.
A broke Highway Trust Fund means job losses equal to Denver’s population, President Obama warns
Speaking today at the Key Bridge in Washington, DC, President Obama called on Congress to save the Highway Trust Fund from its pending insolvency, and to adopt a long-term transportation bill on the scale of his proposed four-year, $302 billion program. [Full text here.] In doing so, he retraced the bipartisan history of transportation funding […]
Attempts for bipartisanship slow down Senate Finance plan for short-term trust fund fix
The Senate Finance Committee plan to rescue the nation’s transportation fund through the end of the year took a slight detour today as Chairman Wyden (D-OR) made some key changes and deferred debate on potentially contentious amendments in the name of trying to reach bipartisan agreement.
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