White House Threatening Veto of House's Proposed DOT and HUD Spending Bill

A $44.1 billion DOT and HUD spending bill proposed by the House may be vetoed by the White House due to the bill cutting too much federal funding for transportation and housing projects.

The White House has stated it may veto the House's proposed spending bill for the Departments of Transportation (DOT) and Housing and Urban Development (HUD) due to the steep cuts made by the House in the bill. 

At $44.1 billion, the federal bill is $7.7 billion less than current spending levels. The Obama administration says this deters critical investments in economic and community development programs, as well as reduces funds for necessary public improvements such as those for improved air traffic control infrastructure and affordable housing. 

Read the full article to learn more. 

More in Market Analysis
5 Ways to Make the Most of Your Editorial Relationships
Speakers: Kathy Wells, Editor-in-Chief, Equipment Today and OEM Off-Highway; Marina Mayer, Content Director, IRONMARKETS
Viewvie Adobe Stock 981975121
Page 1 of 1286
Next Page