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INFRASTRUCTURES FUNDS * USA - Obama Touts Infrastructure Investment
President Obama called on federal lawmakers to back his initiative to spend $50 billion to modernize the country’s infrastructure and help reduce unemployment
Washington,DC,USA -The Washington Post/Transport Topics -12 Oct 2010: ... The funding would be generated by eliminating some oil and gas company tax benefits. The President last month first pushed his plan for a one-time $50 billion federal investment and the creation of an “infrastructure bank” ... Obama’s statement Monday capped a series of White House activities intended to highlight his infrastructure initiative as the White House attempts to address unemployment in advance of next month’s congressional elections... The Treasury Department and Council of Economic Advisers released a report on Monday concluding that now is an “optimal time” to invest in public works projects, not only because of the high jobless rate but also because of low prices in the construction sector, the Post reported...
* USA - State Officials Cheer Obama Transport Funding Plan
Washington,DC,USA -The Journal of Commerce Online, by John D. Boyd -Oct 12, 2010: -- AASHTO applauds decision to support long-term funding in lame duck session... The trade group that represents transportation executives for state governments cheered President Obama's plan to seek $50 billion in new spending for transport infrastructure before the end of this year... Obama met with some state governors, big city mayors and former U.S. transportation secretaries Oct. 11 to build momentum for a plan he first announced on Labor Day to tie the $50 billion to a new six-year surface transportation program... Several reports say administration officials also made clear that the president now wants Congress to take up the big upfront spending piece of his plan when lawmakers return for their lame-duck session after the Nov. 2 elections... Obama says the extra $50 billion would go upgrade highways, build out more of the passenger rail network between cities and improve airports. A Treasury study also details how infrastructure investments improve freight shipping around the country and the nation's ability to export goods abroad...
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