Tuesday, February 14, 2012 - 11:31
Report says House transpo bill spells doom for Highway Trust Fund
Congressional Budget Office predicts $9.4 billion shortfall by 2021
The Congressional Budget Office (CBO) predicts the House transportation bill will sink the Highway Trust Fund into the red by the end of FY 2021.
The six-year measure calls for $260 billion in federal funding, but according to a report released by the CBO the plan would create a $9.4 billion shortfall in the U.S. DOT’s core account in less than 10 years. The analysis also indicates the newly created Alternative Transportation Fund will drop to $68.9 billion over the same time period.
Rep. Nick Rahall (D-W. Va.), ranking member on the House Transportation & Infrastructure Committee, said the bill “would destroy 550,000 American jobs.”
To view a pdf of the CBO analysis, click here.
The Journal of Commerce
More like this
Roads&Bridges Videos
Products
9450 Products
-
The ComNet FVT/FVRHDMI transmits a high-resolution HDMI signal over one multimode fiber up to 500 meters for the 1080p60 format. The FVT/...
-
RTMS (Remote Traffic Microwave Sensor) is a non-intrusive, radar-based detection system renowned for long-term, worry-free reliability and...
-
Volvo almost completely redesigned its B-Series of backhoe loaders, which includes the BL60B and BL70B. Among the changes is a new set of...
-
Maximizing productivity and efficiency is the key to the eight models in John Deere’s K Series of backhoe loaders, which also features a pair...
-
JCB has extended the reach, both literally and figuratively, of its ICX backhoe loader with longer loader arms (by 4 inches) and an extending dipper...
-
Allowing man and machine to work together more efficiently was the goal of the upgrades to Terex’s TLB 840 backhoe loader, starting with the...
-
The C Series from New Holland Construction offers the B95C LR (long reach) and the B95C TC (tool carrier). The LR is more compact with a longer stick...
-
Case’s N Series of loader backhoes — which includes the 580N, 580 Super N, 580 Super N Wide Track and 590 Super N — are driven by Tier 4-...
-
The Cat C4.4 engine on the three new models in the F Series — the 416F, 420F and 430F — upgrades power while staying up to Tier 4 Interim emissions...
-
Versatility is the name of the game with the L45 Tractor-Loader-Backhoe from Kubota, a 3-in-1 machine with a 45-hp Kubota diesel engine at its...
