Deal emerges on Highway Transportation Bill

Tentative Deal Reached on Highway Transportation Bill
by National Association of Wheat Growers

Republicans and Democrats in Congress have reached a tentative agreement on a two year deal to finance the nation’s highways. The $8.4 billion dollar bill comes just days before the previous Transportation Bill expires on Saturday June 30, 2012. The legislation will reportedly help to create around 3 million jobs.

In the agreement Wednesday, Republicans from the House gave up several key points including a provision that aimed to speed up authorization on the Keystone Pipeline. Democrats, meanwhile, agreed to ease certain environmental rules, including shrinking the time frame regulators have to survey project sites.

Congress is also looking to attach a measure to the bill before the deadline on Saturday that will extend student loans at their current interest rate.

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