Obama Calls for $50 Billion in Infrastructure Spending

 


President Obama noted that while the American Recovery and Reinvestment Act provided $48 billion for transportation projects, there are many more worthy projects than there were dollars to fund them.

President Barack Obama called on Congress to include infrastructure spending in a job-creation bill. Although the president did not include specifics in his speech on the economy to the Brookings Institution in Washington, aides told reporters that Obama supports an investment of about $50 billion.

''We're proposing a boost in investment in the nation's infrastructure beyond what was included in the recovery act to continue modernizing our transportation and communications networks,'' Obama said. ''These are needed public works that engage private-sector companies, spurring hiring across the country.'' - Courtesy of AASHTO