Congress, Obama negotiate economic recovery legislation

Posted on January 9, 2009

President-elect Barack Obama met with House and Senate leaders to discuss options for economic recovery legislation as the 111th Congress convened this week.

The President-elect continues to express support for infrastructure investment in a stimulus bill, but this week Obama also emphasized tax cuts as a means to help the U.S. economy. The incoming Administration is reportedly considering a stimulus plan valued at approximately $775 billion, a considerably larger package than the $61 billion stimulus bill passed by the U.S. House of Representatives in September.

Regarding infrastructure, the President-elect released a preliminary plan that calls for $25 billion in immediate investment in a variety of infrastructure activities and $60 billion in new transportation investment under a proposed National Infrastructure Reinvestment Bank, an element of the Obama-Biden campaign platform.

The American Public Transportation Association (APTA) identified $47.8 billion in transit needs that could be met in a two-year stimulus bill, and the APTA economic stimulus survey has identified more than $12 billion of "ready-to-go" projects that could be advanced in fewer than 90 days.

According to U.S. Department of Transportation estimates, if $47.8 billion were invested in public transportation immediately, more than 1.3 million green jobs could be supported in the next two years. The President-elect and several key members of Congress have stated that infrastructure spending will not be earmarked, indicating that formula funding will likely be a large component of any public transportation or highway spending in a stimulus bill, but some proposals have included funding for New Starts/Small Starts and it is not yet clear how those funds would be distributed.

View comments or post a comment on this story. (0 Comments)

More News

NFTA, U. of Buffalo study challenges faced by riders with disabilities

“It’s our hope that our research findings will guide standards that will make buses more accessible to all,” says UB prof. Victor Paquet.

Q’Straint’s Quantum makes passenger safety push-button easy

Wheelchair and scooter users want independent transportation, and bus drivers have a schedule to maintain. Until now those two objectives often conflicted.

Conn.'s rural residents die at higher rates due to poor access to healthcare

Rural areas have fewer doctors and public transportation is centered in more urban areas.

Pa.'s LANTA hosts seeing eye dog training

The training was conducted by Lehigh Valley volunteers in conjunction with The Seeing Eye, a Morristown, N.J.-based organization.

WMATA taps taxi companies for subsidized Md. paratransit services

The decision was a win for disability rights activists who pressed WMATA officials to avoid companies such as Uber, because they lack vehicles with wheelchair-ramps and have been sued for alleged violations of the Americans with Disabilities Act.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment


Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close