This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Schenendorf: MAP-21 And Transportation Fiscal Cliff

"Transportation Is Facing Its Own Fiscal Cliff, A Looming Crisis That The Next Congress Will Have To Address"

WASHINGTON, Nov. 13, 2012 /PRNewswire-USNewswire/ -- When Congress returns this week, they have several important legislative issues to take up, including addressing the looming fiscal cliff.   But what few realize is there is another fiscal cliff that receives far less attention – the transportation fiscal cliff.  

In coordination with the Association of Equipment Manufacturers (AEM), transportation expert Jack Schenendorf explores the benefits of the recently signed, Moving Ahead for Progress in the 21 st Century Act (MAP-21), its shortcomings, and what is at stake for transportation in the coming years.  Schenendorf notes: "Since MAP-21 does not address the long-term financial viability of the Highway Trust Fund, transportation will face its own 'fiscal cliff' in the next Congress." 

This study, outlining the path forward for infrastructure investment, will be distributed to Members of Congress, Administration Transportation officials and other transportation stakeholders in the coming days.  To see the full study, please click here

Schenendorf served on the staff of the House Committee on Transportation and Infrastructure for 25 years – serving as Chief of Staff from 1995 to 2001.  As current counsel at Covington & Burling LLP, Schenendorf concentrates on transportation and legislation.  He was appointed by the Speaker of the House to the National Surface Transportation Policy and Revenue Study Commission, where he served as Vice-Chairman.  

About the Association of Equipment Manufacturers (AEM) - www.aem.org AEM is the North American-based international trade group providing innovative business development resources to advance the off-road equipment manufacturing industry in the global marketplace. AEM membership comprises more than 850 companies and more than 200 product lines in the agriculture, construction, forestry, mining and utility sectors worldwide. AEM is headquartered in Milwaukee, Wisconsin, with offices in the world capitals of Washington, D.C.: Ottawa, Canada; and Beijing, China.

CONTACT: Sara Sendek, AEM 202-898-9064; ssendek@aem.org

SOURCE Association of Equipment Manufacturers (AEM)

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7890 -13.6380 -0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs