Congress Passes Highway Trust Fund Patch

In Washington, DC, members of Congress approved a temporary budget fix to cover the shortfall in the Highway Trust Fund. Faced with an August deadline, House lawmakers voted 367-55 to pass the multi-billion dollar measure. “The action cobbles together $10.8 billion by using pension tax changes, customs fees and money from a fund to repair leaking underground fuel storage tanks to keep the federal Highway Trust Fund, which pays for transportation programs nationwide, solvent through May 2015,” reports CBSNews.com. Many legislators argue that a permanent solution is needed. A similar bill is expected to be voted on by the U.S. Senate.

 

http://www.cbsnews.com/news/house-approves-highway-trust-fund-patch/  (Highway trust fund NYTimes http://www.nytimes.com/2014/07/16/us/politics/house-passes-interim-fix-for-highway-trust-fund.html?_r=0 )