APTA | Passenger Transport
December 1, 2008

In This Issue
» BREAKING NEWS
» NEWS HEADLINES
» COMMENTARY
» IN DEPTH
» AROUND THE INDUSTRY
» APTA NEWS


 
NEWS HEADLINES

Economic Stimulus Bill Still in Limbo

The economic-stimulus and automaker-bailout package considered by Congress during its short-lived lame duck session may be up for reconsideration in a second, early-December lame-duck session.

The stimulus bill, which would include billions in new funds for public transit and highways, remains in limbo due to opposition from the Bush administration and congressional Republicans. That resistance means the bill could instead be taken up by the new Congress in January. At the same time, there is considerable pressure on Congress to take immediate action to rescue the faltering economy.

Officials close to the Obama team are signaling that a stimulus bill could be much larger than the previously proposed $100 billion-plus, maybe into the $550 billion to $700 billion range.

Opposition to the package is reportedly due in large part to the other would-be beneficiary: the automakers. Some in Congress reportedly fear that the Big Three might squander the emergency funding. In addition, there is a sense of reluctance in the legislative branch to offer yet another bailout plan.

« Previous Article Return to Top | Return to Main Next Article »

APTA CALENDAR CONTACT US APTA HOME PAGE PRINTER-FRIENDLY VERSION
AMERICAN PUBLIC TRANSPORTATION ASSOCIATION
© Copyright © 2008 American Public Transportation Association 1666 K Street NW, Washington, DC 20006
Telephone (202) 496-4800 • Fax (202) 496-4321

Search Back Issues