As President Obama last week signed a 2-year budget bill, the administration also extended federal funding for transportation. Set to expire on October 29, transportation funding has been extended to Nov. 20 in a short-term spending bill that was passed by both the House and Senate. This is still a short-term solution to fix America’s infrastructure, but was signed by the President to prevent interruption in road and transit funding.
Senate Majority Leader Mitch McConnell (R-KY), said this three week extension will allow members of Congress to work on a much needed multiyear highway bill, rather than short-term fixes. However, only time will tell as Congress has not passed a fully-funded, multi-year transportation bill since 2005. Each funding bill was for funding lasting two years or less.