December 1, 2015

CAREFUL WHAT YOU WISH FOR:

Negotiators strike deal on five-year, $305B highway bill (Keith Laing - 12/01/15, The Hill)

House and Senate negotiators struck an agreement Tuesday on a $305 billion highway bill that would extend federal transportation funding for five years, setting up an eleventh-hour dash to win approval in both chambers.

The resulting 1300-page bill, paid for gas tax revenue and a package of $70 billion in offsets from other areas of the federal budget, comes just days before transportation spending is set to expire on Dec. 4.

The measure calls for spending approximately $205 billion highways and $48 billion on transit projects over the next five years. It also reauthorizes the controversial Export-Import Bank's expired charter until 2019. 

Lawmakers expressed confidence that the package will win approval in both chambers in time to beat the rapidly approaching Friday deadline.  

Another win for Paul Ryan, another loss for the Right.

Posted by at December 1, 2015 5:03 PM

  

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