Obama to Call for $53B for High-speed Rail

Tuesday, 08 Feb 2011 11:32 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

WASHINGTON (AP) — President Barack Obama is calling for a six-year, $53 billion investment in high-speed rail as he seeks to use infrastructure spending to create jobs.

The White House says Obama will call for an initial $8 billion investment in the budget he is set to release next week. The president set a goal in his State of the Union address of giving 80 percent of Americans access to high-speed rail within 25 years.

If Congress approves Obama's budget, the initial rail spending would focus on developing or improving trains that travel up to 250 miles per hour, and connecting existing rail lines to new projects.

Vice President Joe Biden and Transportation Secretary Ray LaHood will announce the initiative during an event Tuesday in Philadelphia.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Obama Plan Would Let Young Hondurans Enter US as Refugees

Thursday, 24 Jul 2014 23:24 PM

The Obama administration is considering a two-year, $47 million pilot program that would screen children and young adult . . .

US Army War College to Launch Plagiarism Probe on Senator's Thesis

Thursday, 24 Jul 2014 21:36 PM

The political hole deepens for beleaguered U.S. Sen. John Walsh of Montana, a Democrat who is running for re-election a . . .

Honduran President: US Policy Partly to Blame for Border Crisis

Thursday, 24 Jul 2014 21:10 PM

The president of Honduras lays part of the blame for the border crisis on an unclear immigration policy of the United St . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved