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White House warns Congress: 700,000 jobs at stake in new transport bill

WASHINGTON (Reuters) – The 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…

Obama administration’s transportation bill would end some tax breaks for businesses

WASHINGTON (Reuters) – The Obama administration on Tuesday sent a four-year transportation reauthorization bill to Congress that aims to plug a pending shortage in funding for repair and construction of America’s bridges, roads and transit systems. U.S. Transportation Secretary Anthony Foxx said funding would come by ending certain tax breaks…