States Could Receive More Money from Federal Government

On Wednesday, the House conferees for the transportation bill passed a motion in which they decided to accept language guaranteeing that each state receives more guaranteed highway money from the federal government. This refers to the Senate's language that each state should receive 95 percent of the gas tax money that it contributes to the federal highway fund instead of the current 92 percent minimum.

Another motion, which would have supported the part of the Senate highway bill that seeks to raise $1 billion by taking tougher actions against offshore tax havens failed. However, it's unclear if either of these motions will have any effect on highway bill talks.

(Read more about the House motions and highway bill progress...)

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