highway trust fund

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

Senators Propose Saving Highway Trust Fund By Raising Fuel Taxes 12¢ Over Two Years

With a federal highway account that supports infrastructure projects close to insolvent, two senators have unveiled a plan aimed at averting an imminent deficit.

June 23, 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

Senate 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.

Eugene Mulero | Staff Reporter
May 5, 2014
Government, Business

Ryan 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.).

Eugene Mulero | Staff Reporter
April 2, 2014
Business

Failure to Fix Highway Fund Hurts Economy, Execs Warn

Business, labor and state transportation officials pleaded last week with Congress to find both immediate and long-term fixes for the Highway Trust Fund, which is expected to be insolvent by late summer.

February 17, 2014
Business

CBO Offers Grim View of Highway Fund

WASHINGTON — The Congressional Budget Office last week presented a grim picture of an insolvent Highway Trust Fund to the House committee that oversees highway policy, but there was little discussion of possible solutions.

July 29, 2013

Pages