Lawmakers in Washington, D.C. are deciding whether billions in funding will go to states for fixing up roads – and they’re on a tight deadline.
The funding has been a major issue for places like Texas where roads need fixing and about a fifth of the state’s 50,000 bridges are functionally obsolete.
Historically speaking, fixing roads is one the few things for which there’s been bipartisan agreement in both decision-making branches of the federal government. But on this current issue, there’s been considerable rancor in the Senate over a provision in the transportation bill.
The bill appears to pit the nation’s highways against banks. More specifically, it would dip into a pot of money that banks get from the government and transfer the loot to federal funding given to states to help repave roads.
What you’ll hear in this segment:
– A brief history of the federal transportation funding program.
– Do Republicans support this plan to shift money from banks to roads?
– Just how much is $1.7 billion in regards to the federal budget?
– Is it likely Texas will get the money needed for our roads?