With jobs, the economy our quality of life in the balance, Congress must act now on authorization. As the national transportation program faces fiscal uncertainty today following Sen. Jim Bunning’s (R-KY) refusal to extend legislation to fund transportation and other national programs on Friday, James Corless, campaign director of Transportation for America, released the following statement.

In light of discussions in Congress about a potential bill focused specifically on creating jobs, and President Obama convening a jobs summit this week in Washington, Transportation for America recently sent this letter to Speaker Nancy Pelosi that outlined 3 principles that should guide any potential infrastructure and transportation spending. If we’re going to fund infrastructure investments to put people back to work, it’s imperative that we get the most out of our precious dollars — and stay on track for passing the long-term transportation bill we so desperately need to get America moving again.

Last week we explained the details surrounding the expiration of the transportation bill on Wednesday night and the one-month extension that was passed. Due in part to the failure of a bipartisan plan to shift some revenue to satisfy House budget rules, the states are also losing a total of $8.7 billion in transportation spending, known by the unmistakably Washington-transportation-insider term of a “rescission.” Here’s our attempt to simplify that issue just a little bit for those who are interested in the policy details. Non-wonks, feel free to skip over this one. Just a fair warning! Click through the jump to read in its entirety.

As you may have read on Streetsblog Capitol Hill, the Senate passed a stopgap one-month extension of the current law last night. There have been a lot of questions flying around today, so we’re going to try to post a handful with some simplified answers when possible to clear up any confusion. The short explanation? The Senate failed to pass an extension of their own to match the House’s 3-month extension before the transportation bill expired last night. Instead, they passed an emergency one-month extension.

UPDATE #2: The House passed the 3-month extension of the transport bill under suspension of the rules yesterday, with a 335-85 vote in favor of the extension. UPDATED: The bill will likely be voted on today under suspension of the rules, and there will be at least some GOP opposition to it. Elana Schor at [...]

This morning on Capitol Hill, DOT Secretary Ray LaHood proposed an 18-month extension of the current SAFETEA-LU transportation authorization bill. Beyond simply extending the current bill, LaHood indicated that he wants to include some reforms in the 18-month extension — including a focus on metro areas, extensive cost-benefit analysis, and a commitment to “livable communities” — but was short on other specifics.