Bluefield Daily Telegraph, Bluefield, WV

National and World

February 26, 2014

Obama seeking $300 billion for roads, railways

WASHINGTON — President Barack Obama is asking Congress for $300 billion to update the nation’s roads and railways.

Obama plans to make the proposal Wednesday at the Union Depot rail and bus station in St. Paul, Minn.

The Highway Trust Fund finances federal highway and transit programs but is forecast to go broke as early as August. 

The fund needs $100 billion over the next six years just to maintain current spending levels. But Obama and Congress don’t want to raise gas taxes to make up the gap.

Obama is proposing that half the $302 billion he’s proposing come from an overhaul of corporate taxes, but he says he’s open to other ideas.

He also plans to announce a $600 million competition for federal grants to fund infrastructure projects that create jobs.

 

1
Text Only
National and World
Local News
AP Video
Boston Bombing Survivors One Year Later Sister of Slain MIT Officer Reflects on Bombing Raw: Blast at Tennessee Ammunition Plant Kills 1 Raw: Urinator Causes Portland to Flush Reservoir Hoax Bomb Raises Anxiety in Boston New York Auto Show Highlights Latest in Car Tech Ex-California City Leader Gets 12 Year Sentence Obama, Biden Announce $600M for Job Grants Miley Cyrus Still in Hospital, Cancels 2nd Show New York Auto Show Highlights Latest in Car Tech Disbanding Muslim Surveillance Draws Praise Passengers Abuzz After Plane Hits Swarm of Bees Boston Bomb Scare Defendant Appears in Court Boston Officials: No Bags at Marathon Town, Victims Remember Texas Blast Freeze Leaves Florida Panhandle With Dead Trees At Boston Marathon, a Chance to Finally Finish Are School Dress Codes Too Strict? Suspicious Bags Found Near Marathon Finish Line Boston Marks the 1st Anniversary of Bombing
Sister Newspapers' News