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Highway Trust Fund Could Run Out by August: DOT

According to the U.S. Department of Transportation’s (DOT) Highway Trust Fund Ticker, the Highway Account of the Highway Trust Fund will likely encounter a shortfall by the end of August 2014.

April 16, 2014

According to the U.S. Department of Transportation’s (DOT) Highway Trust Fund Ticker, the Highway Account of the Highway Trust Fund will likely encounter a shortfall by the end of August 2014.

The account began with $1.6 billion in cash at the beginning of fiscal year 2014. After the start of the fiscal year, a $9.7 billion transfer from the General Fund to the Highway Account was made.

“The surface transportation program continues to outlay at a greater pace than receipts are coming in,” the DOT statement says. “As a result, the cash balance has dropped by nearly $3.5 billion since the General Fund transfer occurred.”

As of March 28, 2014, the account’s balance was $8.4 billion.

Read more at the DOT's Highway Trust Fund Ticker

 
 

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