Congress' last major business before its Fourth of July recess is passing its transportation bill, and votes are scheduled for later Friday.
The $120 billion measure, which reauthorizes surface transportation programs for 27 months, was the result of lengthy bipartisan negotiations. Neither side is fully satisfied; many wanted a longer-term program, while others questioned the revenue source.
The 18.4 cents per gallon tax on gasoline, and 24.4 cents a gallon surchage on diesel, will continue through fiscal 2016. Transportation programs like highways and rail would be funded at present levels through late 2014.
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