Oops! Senate makes $2 billion error

MGN Online
Thursday, July 31, 2014 - 9:14am

Just a few days ago this seemed like a done deal. Now, what appears to be a math error and political posturing has the highway bill gridlocked.

The Highway Trust Fund pays for road and bridge repair carried out by the states but the trust is running short on cash. Earlier this week, the Senate was perched to be victorious in the funding standoff with a five-billion-dollar bill expected to pass, but there's one problem.

Lawmakers realized yesterday (Wednesday) that the measure was about two-billion-dollars short of what is needed. The Highway Trust is due to start running out of money Friday.

Without the federal money, states may be forced to put major road projects on hold. So, what appears to be a simple math error, has turned into yet another political headache to get it fixed.

That potential outcome doesn't sit well with either party this election year, as road projects provide construction jobs and are believed to fuel economic growth and with congress planning their August recess, the clock is ticking.


Reader Comments

Post new Comment