Senate Agrees On $11 Billion Highway Funding Measure

WASHINGTON (July 23, 2014) The U.S. Senate was moving Wednesday toward passage of an $11 billion measure that would provide a temporary fix to a multibillion-dollar shortfall in federal highway and transit programs.

The chamber reached agreement Wednesday that sets up a vote next week on several alternatives, but senators will likely end up simply adopting a measure that passed the GOP-controlled House by a sweeping bipartisan vote last week.

That would send the bill directly to President Barack Obama.

The House bill would provide $10.8 billion to keep the federal Highway Trust Fund solvent through May 2015.

The fund pays for transportation programs nationwide.

The money would come from pension tax changes, customs fees and a fund to repair leaking underground fuel storage tanks.

The measure is among the few must-do items before Congress goes on a five-week vacation in August.

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