In a speech in Wisconsin, US President Barack Obama announced a USD50 billion plan to restore 150,000 miles of roads, lay 4,000 miles of railroad tracks and rebuild 150 miles of airport runways within six years. The speech was given at an annual Labor Day festival in Milwaukee to union workers on Monday afternoon. Obama stressed that the new bill will not add to the federal budget deficit, with Obama saying that "this is a plan that will be fully paid for. It will not add to the deficit over time — we're going to work with Congress to see to that." An Obama administration official also said that the plan will be funded by closing tax loopholes for oil and gas corporations. Though Obama said that "these are projects and efforts that have bipartisan support that we know could possibly get support in the Congress and the Senate ", Republicans expressed reservations about the new plan, with Senate Minority Leader Mitch McConnell calling it "a last-minute, cobbled-together stimulus bill".
In a speech in Wisconsin, US President Barack Obama announced a 50 billion plan to restore 150,000 miles of roads, lay 4,000 miles of railroad tracks and rebuild 150 miles of airport runways within six years. The speech was given at an annual Labor Day festival in to union workers on Monday afternoon. Obama stressed that the new bill will not add to the federal budget deficit, with Obama saying that "this is a plan that will be fully paid for. It will not add to the deficit over time — we're going to work with to see to that." An Obama administration official also said that the plan will be funded by closing tax loopholes for oil and gas corporations. Though Obama said that "these are projects and efforts that have bipartisan support that we know could possibly get support in the and the ", Republicans expressed reservations about the new plan, with Senate Minority Leader calling it "a last-minute, cobbled-together stimulus bill".
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Mitch McConnell