Obama Sounds Alarm on Infrastructure Funding

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Highway Trust Fund Running on Empty Repairs to highways, bridges and transit cost more than the gas tax takes in – and the HTF is set to run dry around August 1, 2014. The Highway Trust Fund (HTF) is running out of money this summer. For the states tasked with infrastructure upkeep this will mean a graduated cutback in money, beginning as early as August 1, according to the U.S. Secretary of Transportation Anthony Foxx. This is not a new or surprising problem. The HTF is funded by federal gas…read more