As the Highway Trust Fund’s financial health nears a critical point, construction industry executives and state transportation officials are nervously watching what Congress will do. The trust fund’s highway account is projected to tip over into the red within weeks. If new revenue isn’t found, the flow of funds will slow and projects may be put on hold.
Shortly before signing a new water-resources bill on June 10, President Obama weighed in on the unfinished infrastructure business, saying, “We need a transportation bill by the end of this summer … to make sure that projects all across the country don’t get shut down.”