4/15/2011

Congress may have to consider drafting a highway bill covering two years, rather than six, due to the steady decline in gasoline-tax revenues, said Senate Finance Committee Chairman Max Baucus, D-Mont. This could mean a decline in highway construction funding. The Obama administration proposed a six-year, $556 billion highway bill, and Sen. Barbara Boxer, D-Calif., said she is committed to a bill that reaches that goal. Baucus warned that without congressional action, federal highway funding to states would decline from its current $42 billion to $28 billion annually.

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