Debt Deal Could Mean More Painful Cuts for Transportation

(Streetsblog) - There’s nothing in the legislative text that says anything specifically about transportation or the Highway Trust Fund, but it’s clear that the cuts mandated in the agreement will affect all sectors.

by Tanya Snyder on August 1, 2011

The House and Senate are getting close to voting on a deal, reached over the weekend, to raise the debt ceiling and cut spending.

There's nothing in the legislative text that says anything specifically about transportation or the Highway Trust Fund, but it's clear that the cuts mandated in the agreement will affect all sectors. This comes after several rounds of budget cutting this spring. Although some key programs, like high-speed rail, were high-profile victims at that time, solid investments like TIGER and other livability initiatives survived. Some of the cuts were really phantom savings, cutting contract authority that was never going to be used anyway. There are no more easy cuts left to be made in transportation

Read the full article here.

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