The chairman of the Senate Finance Committee yesterday made clear he opposes a national infrastructure bank to fund transportation needs, warning it would siphon money away from projects the highway trust fund currently finances and serve urban areas at the expense of rural parts of the country.

"I think it would rob the future of our highway program," Sen. Max Baucus, D-Mont., said at a Senate Committee on Environment and Public Works hearing on transportation financing. Baucus also said that there are plenty of "mechanisms" to finance transportation needs, but "we don't have the money."

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