Yesterday, Congress passed the 33rd short-term extension of the federal government’s transportation program since 2009. (There was also a two year patch from 2012-2104, which we won’t call \”short-term\” but was still short of definitive action.) This move by the Senate will take $8 billion of general fund revenue and dump it into the Highway Trust Fund to cover the next three months. The $8 billion in revenue is the result of various gimmicks and tricks, and some of that revenue will not actually materialize for nearly a decade. But the program expires tonight and Congress wanted to split town for August, so the bill passed.
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