KBTX | Bryan & College Station, TX | Aggieland News

House Backs $8 Billion For Highway Trust Fund

By: Associated Press
By: Associated Press

WASHINGTON (AP) - The House has approved an 8-billion-dollar
infusion into the nation's highway trust fund.
The move would restore temporary solvency to the federal account
essential to keeping U.S. roads and bridges safe.
The congressional backing also would stave off the fund's
expected revenue shortfall that could reduce federal highway aid
for state projects by more than 30 percent. And that would endanger
hundreds of thousands of construction jobs.
But the White House is pondering a veto. A statement says taking
money from the general Treasury fund to prop up the highway trust
fund shifts costs from highway users to taxpayers at large. The
White House calls that "both a gimmick and a dangerous
precedent."


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