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House passes highway bill as deadline looms

8 months ago Tuesday, July 15, 2014 2:26:04 PM CDT July 15, 2014 Tuesday, July 15 2014 Jul 15, 2014 in News
Source: Associated Press
By: Joan Lowy

WASHINGTON - The House has passed a bill that would temporarily patch over a multibillion-dollar pothole in federal highway and transit programs.

The vote was 367 to 55. A similar bill is pending in the Senate.

The bill 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. A similar bill is pending in the Senate.

Without congressional action, the fund will no longer have enough money to cover promised aid to states by the first week in August.

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