2014-07-01T201933Z_1_LYNXMPEA60256_RTROPTP_2_GM-RECALL-USA

Obama administration warns states that road funds near gone

Secretary of Transportation Anthony Foxx announces that General Motors will be fined a record $35 million in civil penalties at the Department of Transportation in WashingtonBy Mark Felsenthal WASHINGTON (Reuters) – The Obama administration warned states on Tuesday that federal highway funds will be largely depleted in August, limiting the money states can expect to pay for road and bridge projects this summer. The political stalemate in Congress over transportation spending means drivers will have to endure more potholes and detour around more unsafe bridges, delaying commutes, excursions and the delivery of products to market. Transportation Secretary Anthony Foxx told states the government will slow federal reimbursement for highway repairs in August as the U.S. Highway Trust Fund drops below a critical threshold next month. Foxx, and later, in a separate speech, President Barack Obama, urged Congress to replenish the fund by ending tax breaks and using the revenues to set aside money to repair the nation’s infrastructure.

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