By David M. Herszenhorn | The New York Times
The House on Thursday overwhelmingly approved a multiyear highway bill that includes more than $300 billion in transportation and infrastructure programs to address the nation’s deteriorating roads and bridges.
The bill, however, still fails to address a chronic shortfall in financing for the Federal Highway Trust Fund, which pays for such projects, and has been the subject of a fierce long-running disagreement over federal tax policy.
The House measure must now be reconciled with a Senate version adopted earlier this year. Like the House bill, the Senate measure included six years of policy prescriptions but only provided about three years’ worth of financing.
