Tag: Highway Trust Fund
Despite highway bankruptcy, Texas GOP does 180 on toll roads
If Congress doesn’t act rapidly, states will receive a 28% cut in infrastructure funding, reports The Hill. The Department of Transportation’s Highway Trust Fund will be bankrupt by August 2014, pending a congressional intervention. As Transportation Secretary Anthony Fox blogged, “For all states… this means we’ll have to stop reimbursing them as they send in […]
Highway trust fund bankruptcy imminent without bailout
The Highway Trust Fund — created in 1956 to fund the U.S. Interstate Highway System and funded via a federal fuel tax on gasoline and diesel fuel — will run out of funds in a few weeks if Congress doesn’t intervene, reports The Atlantic’s CityLab blog. The Department of Transportation, which has been warning Congress […]
