Watch: Obama on the transportation bill
Failure to act on the transportation bill could put 1 million jobs in jeopardy, president says.
Tue, Sep 06 2011 at 10:25 AM
After Friday’s dismal job report, President Obama took to the airwaves to urge Congress to act on the transportation bill. In his weekly address, the president said that if Congress fails to extend this bill, about 1 million American jobs could be put in jeopardy over the next year. With the unemployment recovery stagnating, this could be disastrous to the nation’s overall economic recovery.
“Allowing this bill to expire would be a disaster for our infrastructure and our economy. Right away, over 4,000 workers would be furloughed without pay. If it’s delayed for just 10 days, we will lose nearly $1 billion in highway funding that we can never get back. And if we wait even longer, almost 1 million workers could be in danger of losing their jobs over the next year.” Source: The White House
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