Senate and House Approved Legislation Replenishing Highway Trust Fund with $8 Billion
On September 10, 2008, the Senate voted and passed legislation replenishing the Highway Trust Fund with an $8 billion transfer from the general federal government coffers, after Senate Republicans dropped their opposition. On September 11, 2008, the House voted 376-29 on the measure to shore up the 52-year-old highway trust fund.
The Highway Trust Fund is used to pay for construction of and repairs to the country's roads, highways and bridges. A spokesman for the House Transportation Committee said the House would likely move to approve the final version of the bill this week.
President Bush is expected to sign this legislation soon.
Sources: The Wall Street Journal, Thursday, September 11, 2008.
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