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President Obama includes $476B for transportation in proposed budget

 

§  OObama's proposed budget includes $476B for transportation

  

 
President Barack Obama unveils his budget today. It's expected to allocate $476 billion for roads and transportation projects over six years, increase taxes on the wealthy and cut the federal deficit by $4 trillion over 10 years. Republicans criticize the budget for failing to deal adequately with the deficit and Senate Minority Leader Mitch McConnell, R-Ky., predicts the budget won't pass. "You can't spend $1.40 for every dollar you take in," says David Walker, former U.S. comptroller general. WIVB-TV (Buffalo, N.Y.)/The Associated Press (2/13), The New York Times (tiered subscription model) (2/12), Los Angeles Times (2/12), National Public Radio (2/13) ?LinkedIn?Facebook?Twitter?Email this Story     from:  www.aar.org

 

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