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Money Running Out for Federal Transportation Save Email Print
WASHINGTON (AP)
Posted: 1:00 PM Sep 6, 2008
Last Updated: 6:32 PM Sep 5, 2008

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Transportation Secretary Mary Peters says the federal highway trust fund will run out of money this month.

Peters blames the shortage of funds on the high price of gasoline, which has prompted Americans to drive less. And by driving less, they use less fuel and pay less in federal gasoline tax.

At a midday press conference Friday, Peters said the agency will have to delay payments to state road and bridge projects that the federal government is helping finance.

At the same time, she wants Congress to pass legislation that includes $8 billion to help cover the shortfall.

Four times this year, Republicans in the Senate have blocked a measure that would shore up the fund.

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Posted by: allen Location: floyd co on Sep 8, 2008 at 11:44 AM
Federal money but who else would hold up the money the GOP

Posted by: carl Location: charlottesville on Sep 6, 2008 at 11:00 PM
Most of the problem is in maintaining an antiquated system. Where is the plan to update our road system into the 21st century? The real plan ought to be to automate the whole system and power it with wind and solar energy. All of the technology required to do so and make the system faster, safer, greener, more efficient, more convenient, and cheaper than the 19th century paradigm we are left with today.