Highway and airport officials are concerned that the cuts in federal spending mandated by sequestration could have some crippling effects if they occur, although most revenue streams crucial for bond-issuing transportation authorities would be safe.

The Office and Management and Budget sent Congress a report Friday detailing where the $1.2 trillion of cuts would be made early next year, if sequestration takes effect due to Congress’ failure to reduce the federal deficit.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.