Obama Says Deteriorating Infrastructure Costly to Economy
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President Barack Obama said the deterioration of the nation’s highways, bridges, airports and ports is costly to U.S. business and threatens future economic growth.
Obama traveled to the banks of the Potomac River in Washington and an aging landmark bridge in need of repair to prod Congress to act on a provision of his jobs plan to put $60 billion into infrastructure repairs. He also announced plans to speed up grants and funding for surface transportation projects.