$7 Billion Stop-Gap Measure for Highway Fund

31 July 2009 - 8:00am

On Weds., the U.S. House of Representatives approved $7 billion in stop-gap funding for road, bridge and transit projects until SAFETEA-LU can be reauthorized.

"The House vote was 363 to 68.

The Senate is expected to act on the temporary trust fund measure before the end of next week, and lawmakers plan to address a longer-term remedy after their August recess.

The government estimates the account could run dry within several weeks without an emergency infusion of cash."

Source: The Washington Post, July 29, 2009
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In short, we’ve seen the last of the cheap oil on which we’ve built our economy, our communities, and our daily lives.