January 4, 2019 – Yesterday, the House of Representatives elected Nancy Pelosi as Speaker and passed a package of rules changes that include the abolition of term limits for committee changes and two budget changes with a bit effect on Highway Trust Fund spending.
Eno Transportation Weekly
December 14, 2018 – This week, the nonpartisan Congressional Budget Office issued its biennial report updating a wide menu of revenue increase and spending cut options and the amount by which each of the 121 options would decrease federal deficits over the coming years.
When looking at budget process reform, remember that through a series of historical accidents, 99 percent of the spending from the Highway Trust Fund is exempt from both statutory systems of budget discipline – the PAYGO process for mandatory spending, and the Budget Control Act spending caps for discretionary spending. Thus, Highway Trust Fund spending is also exempt from sequestration – because sequestration is only a tool used to enforce the statutory systems of budget discipline.