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Transportation Crisis Looms, Obama Officials Warn

wochit politics
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July 01, 2014 AT 9:16 AM
The Obama administration warns that gridlock in Washington will lead to gridlock across the country if lawmakers can't quickly agree on how to pay for highway and transit programs. Transportation Secretary Anthony Foxx said Tuesday that states will begin to feel the pain of cutbacks in highway and transit aid as soon as the first week in August — peak summer driving time. That's because the balance in the federal Highway Trust Fund is dropping and will soon go below $4 billion. That's the cushion officials say is needed for incoming revenue from fuel taxes to cover outgoing promised payments to states.