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Trust fund rescue has wide support

Published Monday, September 08, 2008

According to the House of Representatives Committee on Transportation and Infrastructure, failure to pass H.R. 6532 to transfer $8 billion to the Highway Trust Fund would result in the loss of nearly 400,000 construction jobs and would prevent the completion of more than $14 billion in necessary infrastructure projects. Dept. of Transportation Secretary Mary Peters said Friday that while H.R. 6532--introduced by Rep. Charles Rangel, (D-NY)—won’t answer the question of future solvency, it is necessary to pump up a fund that could possibly be broke by the end of this month. ...

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