Posts Tagged "Senator Wyden"
Senate passes plan to postpone transportation insolvency to the end of the year, sends it to House
Late Tuesday evening, the Senate modified and approved a measure transferring about $8 billion from the general fund to keep the Highway Trust Fund solvent until the end of the year. But because two amendments were made, it’ll return to the House for further action before any final deal can be approved on postponing insolvency of the nation’s transportation program. The House will have to act fast: the long August recess is scheduled to begin in just three days.
Senate poised to take up House plan to patch Highway Trust Fund until Spring 2015
Sometime this week the Senate is expected to take up and vote on the House’s bill to postpone the insolvency of the Highway Trust Fund until May of 2015 via an array of accounting maneuvers to cover ten months of transportation funding.
Senate, House committees approve short-term rescue of trust fund; long-term solution still needed
The Senate Finance and House Ways and Means committees today each passed similar short-term patches to keep the Highway Trust Fund in the black at least through early 2015. If adopted by the full House and Senate, the move to transfer $10.8 billion to the trust fund will avert immediate disaster, but there’s still heavy work needed to find a long-term funding solution.
Attempts for bipartisanship slow down Senate Finance plan for short-term trust fund fix
The Senate Finance Committee plan to rescue the nation’s transportation fund through the end of the year took a slight detour today as Chairman Wyden (D-OR) made some key changes and deferred debate on potentially contentious amendments in the name of trying to reach bipartisan agreement.
Senate Finance Committee considers a trust fund stopgap, with long-term funding unclear
The Senate Finance Committee Thursday will take up a proposal from Chairman Ron Wyden (D-OR) to keep the Highway Trust Fund solvent through Dec. 31 with a $9 billion transfer from the general budget. The needed revenue would be raised by increasing the allowable tax on heavy trucks and four accounting maneuvers unrelated to transportation.
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