WASHINGTON, July 15 The U.S. House of
Representatives on Tuesday overwhelmingly passed a $10.9 billion
extension of U.S. transportation funding through May 2015, a
measure aimed at averting cutbacks in federal money for road,
bridge and transit projects in August.
The measure, paid for largely through revenue generated by
pension accounting changes and higher customs user fees, passed
on a 367-55 bipartisan vote. The Senate is expected to begin
considering a similar, $10.8 billion measure with some alternate
funding provisions in the coming days.
Without new money for the Highway Trust Fund, the Department
of Transportation has said it will start to cut back federal
funding for projects by nearly a third on Aug. 1, halting many
new projects and putting hundreds of thousands of construction
jobs at risk. Congress begins a five-week summer recess that
(Reporting by David Lawder; Editing by Peter Cooney)