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Why America’s Biggest Source of Infrastructure Funding is in Trouble
Manage episode 464215053 series 3525927
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As a new Congress begins, the biggest issue facing highway investment is the looming insolvency of the Highway Trust Fund. How did we get here? What does insolvency of the trust fund mean? What can we do about it?
Today’s guest, Eno Transportation Weekly Editor Jeff Davis, says solving this funding issue is past due. He says the program has effectively been out of money since September 2008 — the federal government has been transferring upwards of $272 billion in the years since to keep the fund afloat. Jeff says that the best time to address the fund’s budget issues is now.
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