(Source: Journal of Commerce, October 11, 2011)
WASHINGTON, D.C. — President Obama’s push for Congress to pass a jobs plan laden with new transportation funding fell short Tuesday of the 60 votes needed for Senate passage.
Obama would have put $50 billion into direct transportation spending. The plan included $5 billion to expand popular DOT grants and loans, and more money to replenish an intercity passenger rail expansion program that Republicans have been cutting. Besides the $50 billion, the bill would have set aside $10 billion more to fund a long-term infrastructure bank.
Full story: www.joc.com