On The Money

Senate readies transportation funding proposal

Lawmakers in the Senate are preparing to make a “major” announcement about transportation funding on Thursday as lawmakers race to beat a deadline for a bankruptcy in the pool of money that is used to pay for road transit projects.  

The announcement will come from the top lawmakers on the Senate Environment and Public Works Committee.

The lawmakers “will make a major announcement regarding the reauthorization of the transportation bill, entitled Moving Ahead for Progress in the 21st Century (MAP-21)” on Thursday morning, the panel announced.

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OVERNIGHT MONEY: Bad week gets worse

Former IRS official Lois Lerner will likely be held in contempt of Congress by House Oversight on Thursday, a day after getting referred to the Justice Department by House Ways and Means.

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