The Highway Trust Fund is broken. Slated to run out of money by Aug. 1, the fund has relied on an 18.4-cent per gallon gasoline tax last raised in 1993.
The House has passed a bipartisan stopgap funding measure that would keep construction projects going through May by transferring $9.9 billion from the general Treasury and $1 billion from another trust fund. The Senate is expected to pass a similar bill this month.
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