Highway Funding Nears a Crisis

 |  from Notes from Jim Haughey

Highway construction will drop sharply unless Congress quickly finds more money for the Highway Trust Fund. The first cutbacks could happen latter this year. The highway funding model used for more than 50 years has collapsed under the weight of persistent energy inflation and endless bickering over how to distribute the money.

The Washington consensus is that the federal Highway Trust Fund will not be able to meet its highway project funding obligations to state DOT’s in FY 200... (more)