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Federal Highway Fund Is Running on Fumes

McClatchy Newspapers - Last week, lawmakers in Congress approved a bill that keeps highway and transit spending at current levels for the next two years, but there was a catch: They came up nearly $20 billion short. Rather than cut spending or raise taxes to make up the difference, they tapped the U.S. Treasury, something they'd done three times already.

Transportation and budget experts say lawmakers can't have it both ways: The once-self-sustaining mechanism for highway spending no longer works the way it was intended.  Read more.

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