Your morning transportation speed read:

Nearly all of the Navy's shipbuilding priorities, from new aircraft carriers and submarines to the next-generation Littoral Combat Ship, all receiving funding increases in the Pentagon's new spending blueprint. 

A House Oversight and Government Reform Committee subpanel is planning an April 24 hearing on Fisker Automotive, the financially distressed, Obama administration-backed electric carmaker.

The hearing will revive criticisms of Energy Department clean technology loan and loan guarantee programs that have come under intense GOP attacks in recent years.

Rep. Jim Jordan (R-Ohio), who leads the Economic Growth, Job Creation, and Regulatory Affairs subcommittee that will hold the event, on Tuesday sent letters to Fisker executives, founder and former executive chairman Henrik Fisker, and DOE officials overseeing the loan program requesting their attendance at the hearing.

The company announced last week that it was shedding 75 percent of its staff and may file bankruptcy soon.

A bipartisan group of lawmakers is having discussions with the chairman of the House Energy Committee about bringing forward legislation to gut a federal biofuel law.

Rep. Bob Goodlatte (R-Va.), a bill co-sponsor, said his talks with House Energy and Commerce Committee Chairman Fred Upton (R-Mich.) have left him “hopeful” about securing a hearing.

“There is growing support throughout the Congress,” Goodlatte said during a Wednesday news conference, with primary co-sponsors Reps. Jim Costa (D-Calif.), Peter Welch (D-Vt.), Steve Womack (R-Ark.) and others.

House Transportation and Infrastructure Committee Rep. Bill Shuster (R-Pa.) said Wednesday that President Obama did not include a funding source for transportation projects in his proposed budget.

Obama's proposal calls for spending $50 billion on immediate road projects and $40 billion on long-distance rail development as part of his recommendations for spending $1.058 trillion in 2014.

Shuster said the president left out a way to pay for his transportation recommendations. 

Oil giant ConocoPhillips is scuttling plans to explore for oil off Alaska’s coast in 2014, blaming “the uncertainties of evolving federal regulatory requirements.”

“While we are confident in our own expertise and ability to safely conduct offshore Arctic operations, we believe that more time is needed to ensure that all regulatory stakeholders are aligned,” said Trond-Erik Johansen, president of ConocoPhillips Alaska.

The company noted Interior Department plans to create Arctic-specific standards for operating in federal waters off Alaska’s coast.

“Once those requirements are understood, we will re-evaluate our Chukchi Sea drilling plans. We believe this is a reasonable and responsible approach given the huge investments required to operate offshore in the Arctic,” Johansen said.

President Obama's 2014 budget proposal calls for Congress to approve $50 billion in immediate spending on U.S. highways and $40 billion on long-distance railways.

Obama's proposed budget calls for spending $1.058 trillion in 2014, which would result in the nation having a $744 billion deficit, despite proposals to cut entitlement programs and raise taxes.

The president's budget calls for appropriating $76 billion for the Department of Transportation, which would be a $4 billion increase from 2012. 

The bill would require FAA to cancel plans to make sequester cuts by closing 149 flight control towers.

A bipartisan group of nine lawmakers has introduced legislation that would require the National Aeronautics and Space Administration (NASA) to plan a return to the moon by 2022.

Rep. Bill Posey (R-Fla.) and eight of his House colleagues introduced the bill on Tuesday, H.R. 1446, which also calls on NASA to develop a "sustained human presence on the moon."