Obama 2012 Budget Proposes $556 Billion Transport Bill

President Barack Obama’s budget calls on Congress to pass a $556 billion, multiyear surface transportation funding plan that would include spending for Amtrak and highway repairs as well as an infrastructure bank, without offering a funding source.

The proposal would include $50 billion in the first year of the six-year plan to promote employment, the budget said. The infrastructure bank, which was allocated $30 billion over six years, would finance road and other projects.