A projected August Highway Trust Fund shortfall has been averted, at least for now. President Obama signed a bill on Aug. 7 adding $7 billion to the trust fund�s ailing highway account. The new money, transferred from the general fund, is expected to keep the account solvent through Sept. 30 or maybe a bit longer. When Congress returns after Labor Day, debate is likely to heat up over reauthorizing highway and transit programs.
Obama Signs $7-Billion Trust-Fund ‘Fix’
August 12, 2009