President Obama plan would provide $32.4B boost for transportation

WASHINGTON, D.C. — President Barack Obama will propose a $10-per-barrel fee on oil production to fund a new $32.4 billion green transportation plan, The Hill reports.

According to the President’s plan, nearly $20 billion would go toward public transit annually, with another $10 billion going toward new federal funding streams for cities and states that cut carbon emissions from their transportation sectors, and $2.4 billion going to clean vehicle research and innovation.

While the plan would be a significant boost for public transit, it is expected to not garner any favor from Congress, The Hill reports. For the full story, click here.