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Obama patches highway trust fund

Published Tuesday, August 11, 2009

As anticipated, President Obama has signed into law legislation (H.R. 357) that the White House said “provides funding to cover expected shortfalls of the Highway Trust Fund” (HTF) as well as for other purposes. However, the $7-billion patch for the HTF contained in the legislative package is by no means the long-term solution for funding highway infrastructure being sought by trucking and other highway-user interest groups. The financial stopgap will only keep the HTF solvent through the end of the fiscal year, which falls on September 30. “We supported the $7 billion because without that, ...

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