Highway Trust Fund closer to insolvency due to COVID-19, Senate panel says
During the hearing, Senate EPW Chairman John Barrasso (R-Wyoming) said in his opening remarks that the Highway Trust Fund is rapidly approaching insolvency due to the ongoing coronavirus (COVID-19) pandemic.
“Prior to the pandemic, the Congressional Budget Office projected the Highway Trust Fund would run out of money in mid-2021," Chairman Barrasso said in his statement. "Now, with Americans driving less, the Highway Trust Fund will reach insolvency far sooner than first predicted."
Basically Highway Trust Fund get its fund from Federal Gas Tax. Gasoline consumption down, tax down, less money for the fund.