More Articles for Congressional Budget Office

Dear Congress: Let's avoid another HTF crisis

Brian Ethridge - Oct 06, 2014

Dear Congress: Let's avoid another HTF crisis

The Transportation Construction Coalition (TCC) is urging Congress to pass a new long-term surface transportation measure as soon as possible. TCC says failing to do so will lead to another self-imposed funding crisis would undermine vital road, highway and transit ...

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CBO: $6.6 billion needed in highway account to prevent HTF shortfall through December

Amanda Bayhi - Jun 30, 2014

CBO: $6.6 billion needed in highway account to prevent HTF shortfall through December

About $6.6 billion in revenues would be needed for the highway account to meet obligations through Dec. 31, 2014, Congressional Budget Office (CBO) Director Douglas Elmendorf stated Friday. In a follow-up letter to Sen. Ron Wyden (D-Ore.), Elmendorf also noted that ...

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Senate panel delays vote on highway bill patch

Amanda Bayhi - Jun 26, 2014

Senate panel delays vote on highway bill patch

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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HTF 101: How the Highway Trust Fund works

Amanda Bayhi - Jun 12, 2014

HTF 101: How the Highway Trust Fund works

The Highway Trust Fund (HTF) is a major talking point in the highway construction industry right now, especially because the major funding source is likely to run out of money in less than three months. HTF insolvency would mean projects ...

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Senate EPW approves 6-year highway bill; funding questions linger

Amanda Bayhi - May 15, 2014

Senate EPW approves 6-year highway bill; funding questions linger

The Senate Environment and Public Works Committee unanimously approved a six-year surface transportation reauthorization bill Thursday morning. Related: President Obama brings focus to highway bill during National Transportation Week Top committee members Sens. Barbara Boxer (D-Calif.), committee chairman; David Vitter (R-La.), committee ranking ...

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CBO: Highway Trust Fund would shortfall under Obama's proposed budget

Amanda Bayhi - Apr 21, 2014

CBO: Highway Trust Fund would shortfall under Obama's proposed budget

The Highway Trust Fund (HTF) would run out of money under President Barack Obama’s proposed $302 billion, four-year highway budget, according to data released from the Congressional Budget Office (CBO). In addition to allocating funds to various transportation sectors, the bill ...

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Transportation Talk: Can We Stop a ‘Painful’ Transportation Situation?

Tina Grady Barbaccia - Mar 08, 2014

Transportation Talk:  Can We Stop a ‘Painful’  Transportation Situation?

  We’re in trouble – big trouble – and it’s going to be hard to find a way out. It’s not news to anyone in the transportation construction industry that the nation’s Highway Trust Fund (HTF) is in peril. So far, ...

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Closer to E than F and heading for B

John Latta - Aug 01, 2013

Closer to E than F and heading for B

Let’s say you are rolling down the highway and watching the gas gauge on your dashboard as you go. You see it steadily going down. You are aware that it is heading to E. You roll on. It gets inevitably ...

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Let’s start ramping up reauthorization pressure

John Latta - May 02, 2013

Let’s start ramping up reauthorization pressure

The Congressional Budget Office (CBO) has, helpfully, stated the obvious. The CBO is essentially confirming for us that when reauthorization rolls about next September, MAP-21’s replacement, facing a nearly bankrupt Highway Trust Fund, will either have to dive into the General ...

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Financial District

Brooke Wisdom - May 09, 2011

Transportation Construction Jobs Alone Do Not a Recovery Make The art of riding the short-term/long-term transportation funding teeter-totter By John Latta A report from the National Transportation Policy Project says creating jobs in the transportation infrastructure is a good thing — but maybe ...

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