October 11, 2010

Obama calls for $50B transportation investment


After meeting with a bipartisan group of former secretaries of Transportation, mayors and governors who have come together in support of infrastructure investment, President Obama called for increased funding for transportation initiatives during a press conference on rebuilding America's infrastructure.


WASHINGTON, D.C. — On Monday, President Obama called for bipartisan support of increased funding for transportation initiatives, emphasizing that an overhaul of the "woefully inefficient" transit system is necessary to reduce unemployment and remain competitive internationally, according to CBS News. The president added that his six-year, $50 billion initiative would not only repair and modernize U.S. roads, rails and air systems, but also create jobs. For the full story, click here.

 METRO TV: To watch a video of the press conference, click here.

To read the Economic Analysis of Infrastructure Investment report, click here.

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