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Congress has another two weeks to work on finishing up a highway bill, as President Obama Friday signed a bill extending federal transportation funding through Dec. 4. It was due to expire Friday night.
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The House Transportation and Infrastructure Committee unanimously approved its version of a long-term highway bill, the Surface Transportation Reauthorization and Reform (STRR) Act of 2015 (H.R. 3763).
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Bipartisan legislation introduced in the U.S. House Thursday would index the current federal gasoline and diesel fuel taxes to inflation, raising $27.5 billion to ensure highway-infrastructure spending is funded for exactly 1.7 years.
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As I write this column, Congress is projecting a cut of $8.6 billion on the transportation budget for 2003.
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