It appeared on Monday as if the Administration and congressional leaders were near a deal on the funding level for the TEA 21 reauthorization. The Administration was said to be prepared to endorse a level of about $286.4 billion -- $2.5 billion above their most recent ceiling. If this turns out to be true action on the conference between the House and Senate on the legislation could quicken.

Our communications with key House and Senate staffers on Monday made it clear that the goal of completing conference -- if not achieving final passage -- by June 30 is in reach. Weekend meetings produced few results but there could be speedy progress once the total funding level is agreed to.

We are in close touch with key Members and staff on an ongoing basis and will keep you posted on developments.