Last summer, when the Highway Trust Fund was weeks away from expiration, I wrote an op-ed urging Congress to address that near-term crisis. I also urged them to enact a multi-year transportation authorization bill to support and grow the U.S. economy.
Tune in to CNBC's "Squawk Box" at 7am ET Thursday, Sept. 17. Caterpillar CEO Doug Oberhelman will be a guest host on the show.
More than one year later we're still lacking a long term solution. To quote Yogi Berra, it's déjà vu all over again. Yet I could argue it's even worse now. States and local communities have paid the price of another year of short-term funding uncertainty. U.S. companies have spent another year managing around delays caused by aging and insufficient infrastructure. And U.S. workers have spent another year sitting in traffic, wasting precious time.
All of this threatens our nation's future growth and prosperity.