Menu

White House to Focus on Transportation Funding This Week

Congress will consider funding options for the Highway Trust Fund.


President Barack Obama and Transportation Secretary Anthony Foxx will make public appearances this week in an attempt to convince people of the importance of investing in transportation infrastructure. The White House said Obama also plans to take some executive actions.

With a trust fund for highway repair about to sputter out, President Obama will spend the week pushing for increased investment in infrastructure, the White House said.

Obama, who has used his executive authority to speed up permitting for priority projects, will announce futher executive actions on infrastructure this week, the White House said.

Congress this week will consider a way to avoid a lapse in funding of the Highway Trust Fund, which is now scheduled to go insolvent as early as August.

House and Senate committees last week approved plans to shore up the foundering highway trust fund through next May, though several business groups have told lawmakers they want a longer-term solution by the end of this year.

The Council of Economic Advisors and National Economic Council will issue a report Monday on the long-term economic benefits of transportation investment and "why conditions in the infrastructure sector are ripe for innovation, with new technologies and approaches promising significant gains in productivity, efficiency, and resilience."

Click here to read more.

Source: McClatchydc.com


Read more here: http://www.mcclatchydc.com/2014/07/14/233201/obama-to-push-roads-and-bridges.html?sp=/99/104/#storylink=cpy

SPONSORED ADS