Congress has just over a month to pass a $106 billion transportation bill that would pave the way for new highways, railways and bridges in this country. Lawmakers are making progress on the legislation; however, there is one major hold up: the Keystone Pipeline. If Congress cannot agree to a deal by June 30, its authority to spend that money will run out.
President Barack Obama rejected the controversial pipeline in January. He said he'd veto any legislation containing authorization to expedite the Keystone Pipeline until more research was done to fully assess the environmental consequences of the project, which would stretch 1,661-miles from Canada's oil tar sands through North Dakota to refineries located on the U.S. Gulf Coast.
Republicans, on the other hand, are pushing to get the $7.8 billion TransCanada (TRP) project underway as soon as possible. They say the pipeline will have a positive impact on U.S. jobs and gasoline prices.
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