The bill assumes that crude oil prices will rise by nearly 90 percent.
The measure includes approximately $47 billion to supplement gas tax revenue.
The six-year highway bill seeks to lower a key Federal Reserve interest rate.
Supporters said the agreement will boost U.S. roads that are badly in need of repair.
McConnell, Boxer reach a deal that would only fund the first three years of the bill.
“Drivers shouldn’t have to choose between being connected and being protected,” Sen. Markey said.
Cruz's amendment complicates the politics of the must-pass highway bill.
The drive for a new highway bill is scheduled to begin with a procedural vote Tuesday.
The Kentucky Republican has been negotiating a bill with Sen. Barbara Boxer.
Senators are considering tapping the Strategic Petroleum Reserve to raise money for roads.
The groups want Congress to reverse a 2012 decision to cut funding for buses.
Massachusetts’s attorney general's office is looking into the high-profile companies.
The Senate failed to move forward with legislation authorizing highway funding for six years after...
Lawmakers are combing through the massive legislation.
The Nevada Democrat said Democrats want more time to read the bill.
The deal is "bad policy that contributes to a tax-and-spend agenda," the group said.
The adviser, David Plouffe, is a former top aide to President Obama.
The measure could include an expansion of a loan program for water projects.
Senators are still working out details of the measure hours before the first procedural vote.
Majority Leader Mitch McConnell is steering the Senate toward a multi-year highway bill that could...
The vow is another potential roadblock for a must-pass highway spending measure.
The top senators on energy oppose selling the oil to fund unrelated programs.
The state is the latest to consider raising its own taxes as federal road funding dries up.
OPINION | The Highway Trust Fund's problems could be solved by a responsible Congress.