2014-05-12T204452Z_1_CBREA4B1LMU00_RTROPTP_2_USA-OBAMA

White House urges highway bill passage, says jobs at stake

U.S. Transportation Secretary Foxx addresses reporters during daily press briefing at White House in WashingtonThe Obama administration on Monday warned 700,000 jobs could be lost if Congress misses a deadline to replenish a highway spending fund and said Senate legislation could fall short of a long-term solution to maintain U.S. infrastructure. Transportation Secretary Anthony Foxx called for passage of the administration’s proposed $302 billion, four-year transportation bill that would end some business tax breaks to boost funding for the Highway Trust Fund. The fund must be reauthorized by the end of September, but could run out of money as early as late summer, the White House said. “Unless Congress acts, up to 700,000 Americans will lose their jobs over the next year and road work, bridge building, transit maintenance – all of these types of projects – may be delayed or shut down completely,” Foxx told a White House briefing.

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