Obama to press for action on transportation funds - KXNet.com - Bismarck/Minot/Williston/Dickinson-KXNEWS,ND

Obama to press for action on transportation funds

Posted: Updated:
By JIM KUHNHENN
Associated Press

WASHINGTON (AP) - President Barack Obama is pressing Congress to make a long-term commitment to keep highway and transit aid flowing to states, but lawmakers appear headed for a short-term patch to sustain projects through next May.

Obama has proposed a $302 billion, four-year transportation spending plan that is paid in part by closing corporate tax loopholes.

The White House on Monday said it would support a smaller, $11 billion Republican House bill that finances transportation projects for nine months, but said in a statement that the legislation "does not address the continued need to pass a long-term authorization bill that creates jobs and provides certainty for cities, states and businesses."

A conservative group, the Club for Growth, on Monday staked out its opposition to the House measure, saying the plan is paid for with budget gimmicks and urged lawmakers to vote against it.

In a report released Monday, the White House Council of Economic Advisers said greater spending on infrastructure would help the construction industry, which has an elevated unemployment level of 9.9 percent. The report also said states and local governments were well positioned now to undertake capital projects because construction is cheaper and because the cost of borrowing through municipal bonds is at a historic low.

Obama will discuss the issue during remarks Tuesday at a facility in Virginia that tests new technologies for highway transportation. He'll also promote the need to invest in the nation's infrastructure Thursday during a trip to Delaware, where he'll announce an initiative to increase private sector investment.

The administration has warned that by early August the fund will no longer have enough money to cover promised aid to states, and the government will begin to stretch out payments. States have been told to expect a 28 percent reduction in aid on average.

The White House argues that the United States has fallen behind other major economies in its spending for transportation needs.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • U.S. & World NewsMore>>

  • Judge OKs record-setting $2B sale of Clippers

    Judge OKs record-setting $2B sale of Clippers

    Monday, July 28 2014 6:31 PM EDT2014-07-28 22:31:55 GMT
    Only final arguments and a ruling remain in the trial to determine whether Donald Sterling's estranged wife can sell the Los Angeles Clippers to former Microsoft CEO Steve Ballmer for $2 billion.
    A judge ruled against Los Angeles Clippers owner Donald Sterling on Monday in his attempt to block the $2 billion sale of the Los Angeles Clippers to former Microsoft CEO Steve Ballmer.
  • Hamas, Israel trade blame for deaths of 9 children

    Hamas, Israel trade blame for deaths of 9 children

    Monday, July 28 2014 6:19 PM EDT2014-07-28 22:19:01 GMT
    Hamas and Israel blamed each other for an explosion at a Gaza park Monday that killed at least 10 Palestinians - including nine children playing on a swing - in a horrific scene that underscored the heavy price...
    Hamas and Israel blamed each other for an explosion at a Gaza park Monday that killed at least 10 Palestinians - including nine children playing on a swing - in a horrific scene that underscored the heavy price civilians...
  • Suspect dead, 2 marshals and cop wounded in NYC

    Suspect dead, 2 marshals and cop wounded in NYC

    Monday, July 28 2014 5:45 PM EDT2014-07-28 21:45:02 GMT
    Authorities say a sex-assault suspect got in a shootout with law enforcement in New York City that wounded the suspect, two federal marshals and a police officer.
    A California man who skipped town after being accused of molesting a child was killed and three law enforcement officers trying to arrest him were wounded in a daytime shootout inside a New York City smoke shop, officials...
Powered by WorldNow
General information or questions:
kxinfo@kxnet.com

News:
Bismarck:
Phone: 701-223-9197
News Fax: 701-223-1985

News:
Minot:
Phone: 701-852-2104
News Fax: 701-838-1050
All content © Copyright 2000 - 2014 WorldNow and KXNET. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.