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Federal transportation trust fund is running out of money

Time is running out for congress to approve a solution to the dwindling Federal Transportation trust fund. An empty fund could result in the halting of thousands of construction projects throughout the country and puts hundreds of thousands of jobs at risk.

WASHINGTON (ABC 4 Utah) - Time is running out for congress to approve a solution to the dwindling Federal Transportation trust fund. An empty fund could result in the halting of thousands of construction projects throughout the country and puts hundreds of thousands of jobs at risk.

“We have about 30 days before the transportation trust fund goes broke,” said John Roberts-Smith with Transportation for America.

Without additional funding more than 100-thousand highway projects, nearly Six-thousand transit projects, and 700-thousand jobs will be affected. 

“It would be a huge blow to construction trade jobs, but jobs all across the country. Because we have to be able to get to and from work,” said Roberts-Smith.

In a statement the US Department of Transportation says, "Transportation infrastructure is too essential to neglect and congress still has time to act on a long-term solution. However most lawmakers around the capitol believe it’s more likely that we will see a short-term solution in August."

 “There’s nothing like a deadline to propel action… So I’m sure congress… doing what congress usually does… will go right up to the deadline,” said Republican U.S. Representative Jason Chaffetz.

Congress is debating a handful of proposals, but with only 4 weeks left, it’s not clear if any of them will cross the finish line

“One the speaker was pushing a couple of weeks ago, cuts postal delivery on Saturday in order to fund the Highway trust fund. Not very popular,” said Republican Congressman Chris Stewart.

In a worst case scenario, if the something did not pass …Utah is in a better position than most.

Utah is a much more financially managed state than almost every other state out there… They understand this they are prepared for it,” said Chaffetz.

Utah Department of Transportation says regardless of what happens they have enough funding in state reserves to fund projects through January 2015.

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