U.S. Transportation Secretary Anthony Foxx recently unveiled a long-term transportation bill he is sending to Congress for consideration as the House and Senate face deadlines to avoid the economic uncertainty and job loss that would ensue if the Highway Trust Fund runs out of money this summer. The GROW AMERICA Act reflects President Obama’s vision for a four-year surface transportation reauthorization bill that would create millions of jobs and lay the foundation for long-term competitiveness, rebuilding crumbling roads and bridges while providing certainty for local and state governments.
In the face of current uncertainty of federal transportation investment, many states have postponed or canceled needed transportation projects altogether. And without additional investment, deficiencies in our nation’s infrastructure will cost businesses more than $1 trillion every year in lost sales. Despite this growing need, the Highway Trust Fund, which provides most of the federal support for state transportation projects, is on track to start bouncing checks as early as August. In January, the Department of Transportation began posting a ticker online so the American people can track the remaining funds, available here.
US Transportation Secretary Proposes Long-Term Transportation Infrastructure Strategy
