Highway Bill Could Be Mired in Congressional Gridlock until 2013

The only multi-year transportation reauthorization bill pending was introduced in 2009 by House Transportation Committee chairman James Oberstar (D-Minn.) who will leave Congress in January after having lost his reelection bid in November.

Even if Rep. John Mica (R-Fla.), who is set to take the reins of the committee in January, or Senate Environment and Public Works Committee chairwoman Barbara Boxer (D-Calif.) introduce bills next year, sources said it is unlikely any transformative bill would clear Congress before the next presidential election cycle starts.

But Mica has indicated he is working on a bill that could include an extension of the Build America Bond program that he may introduce early next year.

(More at BondBuyer.com . . . )