Transportation Secretary Anthony Foxx said Tuesday that time is quickly running out for Congress to approve a new round of road and transit funding.
Foxx said the latest projections from budget analysts show that the transportation department’s Highway Trust Fund will run out of money in August, a full month before the scheduled expiration of federal transportation funding.
“Today, as we’ve been doing each month since January, the Department of Transportation updated our Highway Trust Fund tickers,” Foxx wrote in a blog post on the DOT’s website.