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Highway fund is running on E
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Published: June 3, 2009
The Obama administration is warning lawmakers that the trust fund that pays for highway construction will go broke in August unless Congress approves an infusion of money. Here's a look at the numbers that will shape the debate:
$5 billion to $7 billion
Amount the administration says the Federal Highway Trust Fund needs to keep current construction projects going
$8 billion to $10 billion
Additional money needed to keep the fund solvent through the year ending Sept. 30, 2010
18.4 cents a gallon
Current federal tax on gas, the primary source of money for the fund. Some argue the tax should be increased to bring in more money; others say it's not a sustainable source of income as drivers switch to fuel-efficient cars.
10 years
Time it would take to implement a proposed tax system based on the number of miles people drive
The Associated Press
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