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Highway Fund Cash Infusion Buys Lawmakers Time on Infrastructure

Oct. 21, 2021, 10:08 PM

The agency that oversees federal highway aid has enough money on hand to fund road programs through the rest of 2021, it told lawmakers after previously warning of a shortfall.

The announcement means lawmakers won’t have to immediately transfer money into the Highway Trust Fund from the general fund of the Treasury as a long-term highway bill, which would provide an infusion into the fund, remains caught up in larger negotiations over Biden’s domestic policy agenda.

The Federal Highway Administration is projecting the fund’s highway account will end the calendar year with about $9.4 billion, according to a memo the ...

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