President Obama signed a short-term funding extension but scolded Congress for failing to approve a long-term transportation funding solution before lawmakers’ summer recess.

Article from Road & Bridges

President Obama signed a three-month stopgap bill to keep federal highway funding from coming to a screeching halt but scolded lawmakers for failing to agree on a long-term funding measure.

The $8.1 billion measure approved by the Senate will extend infrastructure spending until Oct. 29. The Senate also approved a six-year highway bill, but House Republican leaders refused to address the measure before the House adjourned for summer vacation.

Obama said he had no choice but to sign the short-term fix to prevent an abrupt cutoff in infrastructure funding.

“We can’t keep on funding transportation by the seat of our pants,” Obama told reporters in the Oval Office.

Obama also criticized Congress for failing to renew the Export-Import Bank, which was left out of the highway bill against the White House’s wishes, and for making little progress on budget talks.

“We should not be leaving all the business of the U.S. government until the last minute,” he said.

Obama said the Ex-Im Bank “creates tens of thousands of jobs across the country.”

The House is set to reconvene after Labor Day.

Source: http://www.roadsbridges.com/roadsbridges-obama-signs-short-term-highway-bill-scolds-congress-inaction?eid=257404376&bid=1140762

http://www.dot.gov/tiger

U.S. Transportation Secretary Anthony Foxx today announced that $500 million will be made available for transportation projects across the country under a seventh round of the highly successful U.S. Department of Transportation’s (DOT) Transportation Investment Generating Economic Recovery (TIGER) competitive grant program. (more…)