Senate leaders have reached a deal on a $109 billion transportation bill, or, at least, they've reached a deal on allowing themselves to vote on a $109 billion transportation bill. Senate majority leader Harry Reid (D-Nev.) and minority leader Mitch McConnell (R-Ky.) said the agreement would limit floor action to 30 total amendments. They expected to work their way through votes on those amendments today, with a final vote on the bill expected by next week.
The House and Senate both need to pass a transportation bill before the current extension runs out at the end of this month. Otherwise, the federal government would lose the authority to collect gasoline taxes and spend money from the highway trust fund.