Tags: Highway Trust Fund

Highway Trust Fund 2014: Timeline of Events

Aug 15, 2014

Highway Trust Fund 2014: Timeline of Events

t felt like an eternity went by before Congress passed a bill to fund the Highway Trust Fund through May 2015. Unfortunately, for or as long as it took, nobody ended up happy with the outcome. Congress had months to ...

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Congress passes Highway Trust Fund patch

Aug 01, 2014

Congress passes Highway Trust Fund patch

Just hours after the House turned down the Senate's highway funding bill, Congress has passed a $10.8 billion bill to fund the Highway Trust Fund. Without the temporary patch, the HTF would have run dry in the next month or ...

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Martin Marietta reports huge 2nd quarter profits

Jul 31, 2014

Martin Marietta reports huge 2nd quarter profits

Martin Marietta Materials has reported strong second quarter earnings of $1.34 per share compared to 89 cents per share in the second quarter of 2013. Revenue for the company totaled $669.2 million, up from $561.3 million during the same period last ...

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House approves $11 billion trust fund patch

Jul 16, 2014

House approves $11 billion trust fund patch

The House has passed a $11 billion plan to pay the federal government’s share of road and bridge repairs for the next 10 months. With time –and money – running out, the House recognizes that immediate action is needed. It voted ...

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House panel proposes $10.5 billion highway bill stopgap; Transportation leaders want long-term solution

Jul 09, 2014

House panel proposes $10.5 billion highway bill stopgap; Transportation leaders want long-term solution

House panel proposes $10.5 billion highway bill stopgap; Transportation leaders want long-term solution The House Ways and Means Committee has proposed a stopgap to fund transportation projects for eight months, but Sens. Barbara Boxer (D-Calif.) and Tom Carper (D-Del.) are opposing ...

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Lawmakers urged to search for highway funding solution

Jul 08, 2014

Lawmakers urged to search for highway funding solution

The White House, Transportation Secretary Anthony Foxx and several industry associations are urging Congress to find a highway funding solution before the primary source of money, the Highway Trust Fund (HTF), becomes insolvent. The U.S. Department of Transportation (DOT) projects that ...

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Foxx unveils DOT’s plan for state reimbursements starting next month

Jul 01, 2014

Foxx unveils DOT’s plan for state reimbursements starting next month

The projected insolvency of the Highway Trust Fund is inching closer (it’s expected to run out of money next month), and the U.S. Department of Transportation is has been trying to prepare state DOTs. In its latest preparation effort, the U.S. ...

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Short-term patch on hold while Senate panel sorts out spending concerns

Jun 26, 2014

Short-term patch on hold while Senate panel sorts out spending concerns

The Senate Finance Committee has delayed its vote on a proposed short-term patch that would provide funding for transportation infrastructure projects through Dec. 31, The Hill reports. During a markup of the Preserving America’s Transit and Highways (PATH) Act Chairman Ron ...

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Foxx sends second HTF warning to state DOTs; lawmakers talk funding solutions

Jun 23, 2014

Foxx sends second HTF warning to state DOTs; lawmakers talk funding solutions

On Friday, Transportation Secretary Anthony Foxx reminded state departments of transportation that the Highway Trust Fund’s “situation remains dire.” He noted in a letter to state DOT directors that the HTF is projected to run out of money at the end ...

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House Dems expected to propose bill that could raise transportation funds

Jun 20, 2014

House Dems expected to propose bill that could raise transportation funds

House Democrats are expected to propose a new bill to restrict the ability of U.S. multinational corporations that move their headquarters abroad to lower their tax burden at home, with funding raised by the bill earmarked for transportation infrastructure projects, ...

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Senators propose raising gas tax by 12 cents per gallon

Jun 19, 2014

Senators propose raising gas tax by 12 cents per gallon

With the current highway bill, MAP-21, nearing expiration and the Highway Trust Fund (HTF), the main transportation funding source, projected to shortfall in just over two months, the search is on for a new way to fund transportation infrastructure projects. Two ...

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Foxx: HTF quickly running out of money

Jun 18, 2014

Foxx: HTF quickly running out of money

The Highway Trust Fund (HTF) is quickly running out of money, Transportation Secretary Anthony Foxx reminded Fast Blog readers on Tuesday. Our sister site, Better Roads, reports that the latest Highway Trust Fund Ticker shows the HTF is on track to ...

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