On Oct. 18, the House Transportation and Infrastructure Subcommittee on Highways and Transit held a hearing on the future of the federal Highway Trust Fund. It was bad news all around, with expert testimony from Congressional Budget Office analyst Chad Shirley, Eno Transportation Weekly’s Jeff Davis, and officials from the Oregon and Washington state transportation departments. The headline on the Republican-led committee’s website for the session was “Highway Trust Fund: Running on Empty.“
CBO’s Dr. Chad Shirley laid out the bad news.
The Congressional Budget Office projects that balances in both the highway and transit accounts of the Highway Trust Fund will be