Held up by controversy around funding, Congress finally passed a $305 Billion transportation infrastructure bill.
The bill will fund a series of roads, bridges, and rail projects. Congress has been passing short-term extensions of the large federal transporation bill for nearly 10 years.
Earlier plans had sought to tax offshore profits for large multinational companies stashed in tax havens in order to pay improving transit systems, but Congress was unable to agree on using this as a funding mechanism. Instead, the bill more of less borrows the money in order to fund projects.
