President Barack Obama is pushing ahead with plans to shore up dwindling federal reserves for highway construction and establish a government-run bank to pay for future transportation projects.
Documents obtained by Reuters late on Wednesday detailed Transportation Department proposals for injecting $20 billion of general tax revenue into a government-run trust that funds highway and transit infrastructure projects, and Obama's longer-term plans for ensuring financial backing for new initiatives.
The administration projects the Highway Trust Fund, which is funded by the federal tax on gasoline, will run dry in late August or early September. It is proposing to replenish it over 18 months while Congress develops a six-year blueprint for transportation priorities and funding.



