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DOT seeks $8 billion to pump up Highway Trust Fund

Published Friday, September 05, 2008

U.S. Secretary of Transportation Mary E. Peters announced today that the Highway Trust Fund is paying out far more money than it is getting in, and needs an immediate $8 billion infusion from the government’s general fund or it could be down to zero as soon as the end of this month. According to Peters, the Dept. of Transportation and the President have warned of a shortfall in funding for the past three years, and the unexpected decline in gas tax revenue during the summer accelerated the shortfall. Peters said she was highly ...

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