fund News Updates

Government, Business

Senate Advances House-Passed Highway Funding Extension

A swift voice vote by the Senate on Oct. 28 to send President Obama legislation that would extend funding authority for highway programs through Nov. 20 marked the 35th time Congress has passed such short-term fixes.

October 28, 2015
Government, Business

McCarthy Withdraws From House Speaker Race

House Majority Leader Kevin McCarthy, who last week pledged support for long-term highway funding, dropped out of the race for U.S. House speaker on the day his party was poised to nominate him to replace John Boehner, as an internal Republican feud erupted into open warfare on Capitol Hill.

October 8, 2015
Government, Business

House T&I Panel to Take Up Highway Bill Soon

The Transportation and Infrastructure Committee in the House plans to consider a multiyear highway bill soon, a senior committee aide told Transport Topics on Oct. 7.

October 7, 2015
Government, Business

Banks Fight to Keep Dividend From Being Used as Source of Highway Funding

Wall Street is desperately trying to persuade U.S. House lawmakers to kill a proposal that would use money from banks to fix the nations highways. A key concern is that once Congress taps the finance industry to help fund infrastructure projects, it wont be able to stop.

October 7, 2015
Business

Electronic Funds Source Offers New SecureFuel Service

Electronic Funds Source said it offers a new way to stop unauthorized fuel purchases in real time by using a combination of truck telematics and fleet card transaction data to verify information before fuel is dispensed.

October 6, 2015
Government, Business

Sen. Barbara Boxer: Congress Will Get Three-Year Highway Bill Done

The top Democrat on the Senates transportation panel is predicting that Congress will approve a three-year highway bill, possibly as early as this fall.

September 2, 2015
Government, Business

Transportation Group Comes Out With Radio Ad Campaign Targeting Highway Funding

A group representing key transportation stakeholders has launched a radio ad campaign to press federal lawmakers to advance a long-term highway bill this fall.

August 27, 2015
Government, Business

One-Third of States Have Taken Their Own Highway Funding Action, Analysis Shows

A state-by-state analysis conducted by The Associated Press shows that nearly one-third have approved their own measures this year to raise funds for highway and bridge work while federal funding remains uncertain.

August 18, 2015
Government, Business

In Nebraska, Foxx Hopeful Long-Term Funding Effort Has Momentum

The way Anthony Foxx sees it, there's nowhere to go but up. The good news, I think, is we are close to rock bottom, the transportation secretary said Aug. 12 about the struggle to get a commitment from Congress to a long-term highway funding bill.

August 13, 2015
Government, Business

Louisiana Group Calls for 10-Cent Raise to Fuel Tax

A Louisiana transportation advocacy group is calling for a 10-cent hike to the state's 20-cent gas tax, to raise $250 million to $280 million annually for the state's infrastructure needs.

August 11, 2015