Obama signs $10.8 billion highway funding bill

FILE - In this May 5, 2014, file photo, the U.S. Capitol building is seen through the columns on the steps of the Supreme Court in Washington. The House is poised to act on a bill that would temporarily patch over a multibillion-dollar pothole in federal highway and transit programs while ducking the issue of how to put the programs on sound financial footing for the long term. The bill by House Ways and Means Committee Chairman Dave Camp cobbles together $10.8 billion in pension tax changes, customs fees and money from a fund to repair leaking underground fuel storage tanks to keep the federal Highway Trust Fund solvent through May 2015. A similar bill is pending in the Senate. (AP Photo/Carolyn Kaster, File)
FILE - In this May 5, 2014, file photo, the U.S. Capitol building is seen through the columns on the steps of the Supreme Court in Washington. The House is poised to act on a bill that would temporarily patch over a multibillion-dollar pothole in federal highway and transit programs while ducking the issue of how to put the programs on sound financial footing for the long term. The bill by House Ways and Means Committee Chairman Dave Camp cobbles together $10.8 billion in pension tax changes, customs fees and money from a fund to repair leaking underground fuel storage tanks to keep the federal Highway Trust Fund solvent through May 2015. A similar bill is pending in the Senate. (AP Photo/Carolyn Kaster, File)

WASHINGTON (AP) — President Barack Obama has signed into law $10.8 billion in temporary funding for highway and transit construction.

The bill the White House says Obama signed Friday will keep the Highway Trust Fund solvent through May, when lawmakers will again be challenged to come up with longer-term funding.

The trust fund is the primary source of federal aid to states for surface transportation projects. Its money comes from the taxes paid on gasoline and diesel fuel. But revenue hasn’t been keeping up with demand because people are driving less and vehicles are more burning less fuel.

Administration officials had said the fund would run out of money later this month unless Congress acted.

Obama has been urging Congress to pass his four-year $302 billion transportation plan instead.

 

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