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Wed Jun 27, 2012, 03:53 PM

m$nbc reporting tentative deal struck on transportation bill...

this will be huge if it actually happens. Lots and lots of infrastructure jobs, lots and lots of people employed.

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Reply m$nbc reporting tentative deal struck on transportation bill... (Original post)
babylonsister Jun 2012 OP
spanone Jun 2012 #1
Inuca Jun 2012 #2
pinto Jun 2012 #3
malaise Jun 2012 #4

Response to babylonsister (Original post)

Wed Jun 27, 2012, 04:03 PM

3. Apparently a 2 year deal, per CNN. Background -

It's Make Or Break For Infrastructure Money As Transportation Bill Deadline Looms

By Jeremy B. White
June 27, 2012 12:25 PM EDT

Congress is running out of time to pass a transportation bill. If lawmakers cannot forge an agreement, they will need to fund projects on the nation's roads and bridges with a stopgap measure.


Congress last passed a surface transportation bill in 2005, and since that bill expired in 2009 lawmakers have enacted nine straight short-term extensions. They now have until June 30th to avert a scenario in which construction projects come to a halt as money for them dries up -- something neither party wants to happen.

Senate Majority Leader Harry Reid, Democrat of Nevada, upped the pressure on Tuesday, saying a deal needed to happen on Wednesday in order to leave enough time to get the bill to President Obama before the current pot of funding evaporates.

"We have to have an agreement by tomorrow," Reid said on Tuesday. "Otherwise, we can't get the bill done."


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