If Congress can't agree how to fund the Highway Trust Fund shortfall, Transportation Secretary Anthony Foxx warned state DOTs that he will be unable to reimburse them for funds already spent. The redline is the $4 billion mark projected to come July.
May 11, 2014 The Wall Street Journal - Politics and Policy
With the impending bankruptcy of the Highway Trust Fund in October, 2014, a House Transportation & Infrastructure subcommittee invited two transportation experts - one from CBO the other from DOT, to lay out the stark facts - but did it do any good?
Jul 28, 2013 Truckinginfo.com
MAP-21 expires on September 30, 2014. The following year, the Highway Trust Fund will be insolvent according to the CBO. Alternatives involve user fees paid by motorists: the gas tax and VMT fee, and two others that bear no connection to driving.
Jun 11, 2013 Politico Pro
According to the CBO, President Obama's transportation budget keeps the Highway Trust Fund, currently expected to run out of funds in 2015, solvent until 2021. The additional funds come from 'intergovernmental transfers' - but are they real?
May 24, 2013 Streetsblog Capitol Hill
Electric-car-battery manufacturer A123 Systems received $249 million in federal grants. It filed for bankruptcy on Oct. 16, prompting Bloomberg reporter Angela Greiling Keane to look at the progress of President Obama's goal of 1 million EVs by 2015
Oct 19, 2012 San Francisco Chronicle
Just how does a transportation bill that doesn't increase fuel taxes or introduce new user charges, and maintain the same level of spending reduce the deficit by $16.3 billion? Ask the Congressional Budget Office.
Jul 1, 2012 Taxpayers For Common Sense
Treasury Secretary Ray LaHood warned Congress that according to a recent Congressional Budget Office report, the Highway Trust Fund will be broke come fiscal year 2014, due largely to more fuel-efficient vehicles and less driving.
Feb 4, 2012 The Hill's Transportation Blog