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Between 2008 and 2023, insufficient revenues in the Highway Trust Fund led the federal government to spend $275 billion in general tax dollars to keep the system solvent. [ 1 ] The Highway Trust Fund is a transportation fund in the United States which receives money from a federal fuel tax of 18.4 cents per gallon on gasoline and 24.4 cents per ...
In 2008, Obama suggested that the Bank would borrow US$60 billion of federal funding to invest in infrastructure over 10 years, while leveraging "up to $500 billion" of private investment. [2] It would invest in high-speed trains to provide an alternative to air travel, energy efficiency, and clean energy, among other kinds of public ...
In 2012, after Hastert had departed from Congress, the highway project was killed after federal regulators retracted the 2008 approval of an environmental impact statement for the project and agreed to an Illinois Department of Transportation request to redirect the funds for other projects. [9]
It might have been a down year for most of us, with even hedge fund investors licking their wounds from big losses, but top the 25 hedge fund managers still walked away with billions.
Shortfalls in the Highway Trust Fund resulting from insufficient fuel taxes are offset by transfers from the Treasury's general fund. [5] The environmental review process is reformed in an effort to speed up project development. More projects will be categorically excluded from review, and there will be a four-year review deadline enforced with ...
An act to provide an extension of highway, highway safety, motor carrier safety, transit, and other programs funded out of the Highway Trust Fund pending enactment of a law reauthorizing the Transportation Equity Act for the 21st Century: Pub. L. 109–20 (text) 109-21: July 9, 2005 Junk Fax Prevention Act of 2005
UBS—the final bank prosecuted for its role in the 2008 global financial crisis—is paying $1.4 billion to stop the case going to trial. Chloe Taylor. August 15, 2023 at 8:31 AM.
The RTP funds come from the Federal Highway Trust Fund, and represent a portion of the motor fuel excise tax collected from nonhighway recreational fuel use: fuel used for off-highway recreation by snowmobiles, all-terrain vehicles, off-highway motorcycles, and off-highway light trucks. The Congress authorized the RTP for $60 million in 2005 ...