Federal funding confusion leads Moody's to cut highway bonds

Comments (1)
IrvinD wrote:

Correction to: “Meanwhile, the federal account used for transportation, which is funded by a tax of 18.4 cents per gallon charged motorists at the pump, will likely go broke next year.”
Per the Hight Trust Fund ‘ticker’ (http://www.dot.gov/highway-trust-fund-ticker):

“Based on current spending and revenue trends, the U.S. Department of Transportation estimates that the Highway Account of the Highway Trust Fund will encounter a shortfall before the end of fiscal year (FY) 2014.”

Feb 19, 2014 1:34pm EST  --  Report as abuse
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