The Hill: Impending Transport Funding Deadline Approaches

The Hill has reported that highway programs could be shut down in August if Congress doesn’t agree on a multi-year transportation bill by the end of next month.

According to The Hill, party lines have dictated what strategy to take as the deadline approaches. While Republicans favor another short-term extension of highway funds, many Democrats support the six-year, $478 billion transportation bill laid out in President Barack Obama’s budget. The funds for the bill would be paid primarily by taxing overseas corporate profits.

The Hill reports that there is a bipartisan group, led by Jim Inhofe (R-Olka.) and Barbara Boxer (D-Calif.), which has proposed a six-year, $275 billion highway bill, although under the proposal, the Finance Committee would still have to find a way to pay for a $90 billion funding shortfall.

Read the full report from The Hill here.

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Terry Mulreany
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