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June 26, 2009

Feds need $20B for transportation, quick

  • State transportation agencies have been warned that reimbursements for highway and transit projects may start slowing in the next 60 days.
    • By JOAN LOWY
    Associated Press Writer

    WASHINGTON — The Obama administration is scrambling to find an extra $20 billion to keep highway and transit construction projects and the thousands of jobs they represent going for the next year and a half.

    Transportation Secretary Ray LaHood told a Senate panel Thursday that the White House's Office of Management and Budget estimates that is how much money will be needed to keep federal transportation aid flowing to states through March 2011.


     
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