Congress Faces Road Funding Gap ‘Reckoning’ Before Election
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The Highway Trust Fund, which finances U.S. road, bridge and mass-transit projects, may become insolvent just before the November presidential election unless lawmakers lock in additional funding sources.
The fund, which reimburses states for transportation projects, would be unable to meet its financial obligations as soon as October, according to an analysis of Congressional Budget Office data by the American Association of State Highway and Transportation Officials. The federal government could have to ration payments to the states to keep the fund solvent, according to the CBO.