Trust fund bill passes
Published: July 30,2009
WASHINGTON — Congressman Travis Childers (D-Miss.) joined a bipartisan majority of his colleagues July 29 in shoring up the Highway Trust Fund to keep the account solvent through the end of the fiscal year.
The measure, which overwhelmingly passed in the House by a vote of 363 to 68, pumps $389.2 million into Mississippi’s highway program to support 13,536 jobs and save nearly 3,000 jobs that would have been at risk from a funding shortfall.
The legislation also provides essential loans to the Unemployment Trust Fund (UTF) to meet a projected shortfall by early August. The loans are repayable with interest, and the Congressional Budget office has scored the legislation as having no cost to the federal treasury. Without this action, 4.6 million workers could face losing unemployment benefits during August and September because state unemployment programs would be unable to access loans from the UTF.
To sign up for Mississippi Business Daily Updates, click here.
Mississippi Economic Council
Mississippi Chambers of Commerce
Mississippi State Legislature
Mississippi Development Authority
Mississippi Economic Development Council
North Mississippi News
Social Security Disability Lawyer
Auto Accidents Lawyer
Top Posts & Pages
- Comstock quits Tuscaloosa play on falling prices
- Clinton office complex sold for $20.5 million
- Ingalls to lease former SRHS clinic in Gautier for employee medical center
- Shale oil: market correction or longterm direction?
- Miss. surgeon sentenced in tax evasion case
- PHIL HARDWICK: Characteristics of a good year-end fundraising letter
- Meadville mayor seeks Sojourner's Senate seat
- Aluminum company rumored for Columbus: 'clock' is for website, not plant site
- Record soybean yield is valued at $1.17 billion