Falling gas tax revenues may prevent Congress from drafting long-term highway legislation, says Max Baucus (D-MT), Chairman of the Senate Finance Committee.
President Barack Obama has pressed Congress to approve a six-year, $556 billion transportation bill that would create jobs needed to help the economy rebound from the recession, but Senator Baucus says that financial realities may force legislators to craft a two-year plan.
Congress extended the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users (SAFETEA-LU), which provides funding for transportation projects nationwide, for the seventh – and likely final – time last month.
Advertisement
