funding
Business

House, Senate Panels Move Temporary Trust Fund Bills

Tax-writing committees in the House and Senate last week approved bills to transfer about $11 billion to shore up the federal Highway Trust Fund.

July 14, 2014
Government, Business

Sen. Corker: Wyden's Trust Fund Plan a 'Complete Sham'

Andrew Harrer/Bloomberg

The Senate Republican co-sponsoring a proposal to raise the national tax on motor fuels called a bill that would provide a short-term boost for a cash-strapped federal highway account a “complete sham,” signaling the lack of GOP support for the legislation ahead of its June 26 committee consideration.

Eugene Mulero | Staff Reporter
June 25, 2014
Business

States Slow Highway Projects as US Funding Crisis Looms

State transportation officials said they are pulling construction projects from monthly bidding advertisements and drawing up contingency plans in case there’s a shut-off of federal highway money this summer.

June 23, 2014
Business

James Haslam II Donates $1.25 Million to TMAF Campaign

Samantha Gallegos

The trucking industry hauled in 25% of what it needs to fund its five-year image campaign — Trucking Moves America Forward — with a single contribution of $1.25 million from Pilot Flying J travel plazas founder James Haslam II.

Jonathan S. Reiskin | Associate News Editor
June 19, 2014
Government, Business

Senators Propose Raising Federal Motor Fuels Tax to Boost Trust Fund

Two senators on June 18 unveiled a plan aimed at boosting a federal highway account used by states to pay for infrastructure projects that the federal government estimates will run out of money in August.

Eugene Mulero | Staff Reporter
June 18, 2014
Government, Business

Senate Republicans Urge Finance Committee Chairman To Approve Short-Term Trust Fund Fix

Andrew Harrer/Bloomberg

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.

Eugene Mulero | Staff Reporter
June 17, 2014
Government, Business

Foxx: 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.

Eugene Mulero | Staff Reporter
June 17, 2014
Government, Business

DeFazio 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.

Michele Fuetsch | Staff Reporter
June 12, 2014
Government, Business, Safety

Key Senator To Support Short-Term Highway Trust Fund Fix

Andrew Harrer/Bloomberg

At a hearing considering the nominations of two senior Department of Transportation officials June 11, Sen. John Thune (R-S.D.) said he would support a short-term legislative fix prior to the August congressional recess that would shore up a depleted federal highway account.

Eugene Mulero | Staff Reporter
June 11, 2014
Government, Business

Commerce Committee to Hold DOT Nominations Hearing June 11

Andrew Harrer/Bloomberg News

Senators are likely to press two senior Department of Transportation officials on highway funding, safety and freight policy when a committee considers their nominations June 11 for top jobs at the department.

Eugene Mulero | Staff Reporter
June 10, 2014

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