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Money For Road Work Could Soon Be Slashed
WASHINGTON, D.C. (CBS2/FOX28) - Starting Wednesday, Highway 965 will be closed in North Liberty so crews can begin reconstruction of the highway but money that is going toward road projects like that could soon be cut.
Transportation officials say the Federal Highway Trust Fund will run out of money unless Congress extends a funding bill.
They say if an extension isn't set in stone by August 1st, the department will have to pull back on spending for state highway and bridge projects.
For now, the House and Senate are trying to put a temporary extension in place, hoping to please all sides.
AAA says, on average, road problems force Americans to spend more than $300 a year on car repairs.
President Obama is expected to talk about the issue on Tuesday and push his proposal to close the funding gap that has put the department in this kind of situation.