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Originally published August 8, 2014 at 10:33 PM | Page modified August 9, 2014 at 12:59 AM

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Obama signs $10.8 billion highway funding bill

President Barack Obama has signed into law $10.8 billion in temporary funding for highway and transit construction.


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$10.8 billion, none of which will make it to shovel ready jobs, but instead will all go to pay off Obama's campaign... MORE
$10.8B is nothing. The new 520 bridge alone will cost $4B. If you combine that with the downtown tunnel and the... MORE
@A Wise Father What a bizarre and inane thing to say. MORE

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WASHINGTON —

President Barack Obama has signed into law $10.8 billion in temporary funding for highway and transit construction.

The bill the White House says Obama signed Friday will keep the Highway Trust Fund solvent through May, when lawmakers will again be challenged to come up with longer-term funding.

The trust fund is the primary source of federal aid to states for surface transportation projects. Its money comes from the taxes paid on gasoline and diesel fuel. But revenue hasn't been keeping up with demand because people are driving less and vehicles are more burning less fuel.

Administration officials had said the fund would run out of money later this month unless Congress acted.

Obama has been urging Congress to pass his four-year $302 billion transportation plan instead.



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