Obama renews call for $50 billion in infrastructure spending
Obama is renewing his call for $50 billion in infrastructure spending -- a move he says will not only begin the process of repairing America's crumbing roads and bridges, but also kick start the sluggish US economy and create badly needed jobs.
The United States needs to beef up infrastructure spending, likely by more than called for under current proposals, if it is to meet the Obama administration's goal of doubling exports to create jobs and strengthen the economy, a United Parcel Service executive said.