Obama Stumps for Highway Plan to End Project Delays
May 14 (Bloomberg) -- President Barack Obama speaks about risks to U.S. economic supremacy from neglect of its transportation system and infrastructure, and his administration's plan to streamline the permit process for transportation projects in order to speed up construction.
Obama and New York Governor Andrew Cuomo speak near the Tappan Zee Bridge in Tarrytown, New York, which is eight years past its designed 50-year lifespan and carries about 40 percent more traffic than intended. A replacement is scheduled for completion in 2018 at a cost of $3.9 billion. (Source: Bloomberg)