Senate Republicans Urge Finance Committee Chairman To Approve Short-Term Trust Fund Fix
Nearly every Republican on the Senate Finance Committee has asked the panel’s Democratic chairman to approve a short-term legislative fix that would shore up a federal highway account projected to run out of money in August.
June 17, 2014Foxx: Highway Trust Fund Will Run Dry by Late August
Transportation Secretary Anthony Foxx on June 17 said a federal highway account that helps states pay for roadway projects is still projected to run out of money by late August, threatening many large-scale construction projects around the country.
June 17, 2014DeFazio Introduces Bill to Replace Gas Tax with Barrel Tax on Oil
WASHINGTON — Rep. Peter DeFazio (D-Ore.) has introduced a bill to replace the gasoline tax with a barrel tax on oil, eliminate the sales tax on truck tires, and index the diesel tax to inflation.
June 12, 2014Transportation Programs Need Long-Term Funding, Says DOT’s Mendez
ARLINGTON, Va. — Acting Deputy Transportation Secretary Victor Mendez on June 3 cautioned Congress against approving a short-term legislative fix to address looming shortfalls in highway funding this summer, urging it to approve a long-term “strategic” plan instead.
June 3, 2014Senate Panel to Review Cash-Strapped Highway Trust Fund May 6
Senate tax writers will examine ways to keep the Highway Trust Fund’s road and transit programs funded before the account runs out of money later this summer.
May 5, 2014ATA Presses Obama on Long-Term Funding for Roads, Bridges
Trucking industry leaders have called on the Obama administration to unveil a transportation plan that focuses on long-term, user-fee solutions for the Highway Trust Fund, not quick fixes.
April 28, 2014Experts See Short-Term Fix as Highway Dollars Dwindle
With the Highway Trust Fund moving toward insolvency, transportation experts said they expect Congress to approve a short-term bill this summer to avoid delays for major highway projects.
April 21, 2014CBO Says Highway Fund Will Be in Shortfall Under Obama’s Transportation Plan
The federal Highway Trust Fund will have “insufficient revenues to meet obligations” beginning in fiscal 2015, according to the Congressional Budget Office’s latest estimate of the president’s budget proposal.
April 18, 2014Time Running Out for Highway Trust Fund, DOT Warns
The Department of Transportation warned April 15 that the federal Highway Trust Fund will encounter a shortfall by August, putting at risk the ability for states to pay for key highway maintenance projects.
April 15, 2014Ryan Budget Calls Highway Trust Fund a ‘Priority’; Would Allow States to Fund Highway Projects
Transfers to the federal Highway Trust Fund from the general fund would have to be offset by savings in accounts elsewhere in the budget, under a proposal offered by House Budget Chairman Paul Ryan (R-Wis.).
April 2, 2014