House Passes Stop-Gap Bill to Fund Transportation Through May
July 15, 2014
Faced with the threat that federal money for 117,000 transportation projects would begin to dry up in two weeks, the House on Tuesday approved a nearly $11 billion patch to extend funding through May.
The stop-gap fix to avert a crisis imperiling up to 700,000 construction jobs won endorsement from the White House, but the Senate is likely to tinker with it before it reaches President Obama’s desk.
The bill, approved by a vote of 367 to 55, would transfer $9.9 billion from the general fund and $1 billion from a separate trust fund into the rapidly dwindling Highway Trust Fund, which is expected to run in the red starting next month.