States, U.S. DOT Post Gains on ARRA

Description:
State departments of transportation have passed their first “use it or lose it” test under the American Recovery and Reinvestment Act, obligating half of their highway stimulus funds at least 10 days before the June 29 deadline set under the economic-stimulus statute. In another positive sign, the number of ARRA highway and transit project starts has climbed sharply, but critics point out that actual outlays remain small.

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