President Obama is pressing for infrastructure investment again as part of the fiscal cliff negotiations. Among other things, he asked for $50 billion in infrastructure spending. That’s the same proposal he pushed last year as part of the American Jobs Act that didn’t go anywhere.
It’s not clear how that money would be spent specifically, but the Jobs Bill included $9 billion for transit and $4 billion for high-speed rail, as well as funding for the TIGER program.
DC Streetsblog has more.