Oh, dear. Another crisis. The Highway Trust Fund, which pays for the bulk of federal road and transit spending, is on the verge of insolvency. It faces a shortfall of roughly $63 billion over the next four years and may soon be unable to meet its obligations.
Without a cash infusion, the predictions are grim: 6,000 projects idled, 700,000 jobs lost, America's bridges and roads falling into yet worse disrepair.