White House won't rule out short-term highway funding bill

Published 07/09/2015, 01:31 PM
Updated 07/09/2015, 01:35 PM
White House won't rule out short-term highway funding bill

WASHINGTON (Reuters) - President Barack Obama prefers a long-term funding plan for U.S. highways, roads and bridges, but he would not rule out signing a short-term spending fix when the current temporary authorization expires this month, a White House spokesman said on Thursday.

"We've raised some significant concerns about the frequency with which Congress chooses to just kick the can down the road when it comes to funding our infrastructure," said White House spokesman Josh Earnest. "To fund these efforts at a month, or two, or three at a time is really inefficient."

But when asked if Obama would sign a temporary authorization, Earnest said he was "not willing to make a public declaration one way or another right now."

"We'll see what emerges from Congress, with a bias toward a longer-term commitment we believe is consistent with the best interest of the country," he said.

Earlier on Thursday, the chairman of the House of Representatives Ways and Means Committee, Republican Paul Ryan, said lawmakers would work on a long-term blueprint for funding the country's roads, bridges and highways, but they need a short-term funding patch in the meantime.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.