President Obama OKs $7 billion for Highway Trust Fund

| Friday, August 07, 2009

President Obama heeded the call of Congress. On Friday, Aug. 7, he signed a bill into law to shore up the Highway Trust Fund with $7 billion from the Treasury.

The Trust Fund pays for federal and state transportation programs. Without the fix, the fund stood to go broke before the end of August.

The U.S. House and Senate moved quickly to pass the bill in late July without amendments.

A year ago, Congress and President Bush agreed to terms on a similar fix.

The battle for long-term funding solutions for transportation continues on Capitol Hill. Both the House and Senate have recessed until after Labor Day.

– By David Tanner, staff writer
david_tanner@landlinemag.com

 

Comments