Road fund solvent despite gas tax concerns: LaHood: "Senators this week expressed concern to transport chief Ray LaHood over the impact rising gas prices, now at an average $3.50 per gallon, could have on the trust fund that was bailed out in 2008 after it nearly ran dry.
La Hood told a senate hearing on Thursday the Highway Trust Fund should remain solvent through September 2012. He did not envision the need for another bailout."
La Hood told a senate hearing on Thursday the Highway Trust Fund should remain solvent through September 2012. He did not envision the need for another bailout."