Roads: Trust Fund Highway Account Deficit Seen in 2009
Although the Treasury Dept. estimates the Highway Trust Fund will stay in the black until yearend 2010, the fund’s highway account will post a $2.3-billion deficit at the end of 2009, says Assistant Transportation Secretary Phyllis F. Scheinberg. She told a House panel on Feb. 15 that “the trend in declining cash balances...remains constant and needs attention.” The current highway statute expires Sept. 30, 2009.