Monday: Obama to Unveil $50 Billion Infrastructure Plan
President Obama plans to outline a long-term infrastructure proposal at a Labor Day event in Milwaukee that would improve the nation’s roads, railways and airport runways and cost at least $50 billion.
The infrastructure investments are one part of a package of targeted proposals the White House is expected to announce in hopes of jump-starting the economy ahead of the November election. The proposal calls for investments over six years and would be front-loaded with an initial $50 billion to help create jobs in the near future, reports the Associated Press.
The AP reports that the plan includes “rebuilding 150,000 miles of roads; constructing and maintaining 4,000 miles of railways, enough to go coast-to-coast; and rehabilitating or reconstructing 150 miles of airport runways, while also installing a new air navigation system designed to reduce travel times and delays.”
The Politico’s Mike Allen has a fact sheet on the plan here.
Media reports also say that President Obama plans to announce $35 billion in tax cuts for small businesses and workers, which would be funded by revenue from expiring tax cuts for the wealthy.
Meantime, the Department of Labor is launching a website to help out-of-work Americans find new opportunities. “My Skills My Future” will provide tools for potential workers to search for jobs.
At Least 17 Killed in Pakistan Bombing
A Taliban suicide bomber detonated a car in an alley behind a police station in northwest Pakistan on Monday, killing at least 17, including at least four children.
The BBC’s Syed Shoaib Hasan reports: “More than 100 people have been killed in bloodshed over the last six days. Initially, the attacks have been sectarian, targeting minority sects…. But with Monday’s bombing, the militants once again appear to have the security agencies in their crosshairs.”
BP Removes Failed Blowout Preventer
BP on Saturday lifted the failed blowout preventer from the Deepwater Horizon oil well onto a waiting ship. It took 30 hours to raise the key piece of equipment that failed to stop the Deepwater Horizon oil leak. The 50-foot blowout preventer will now be taken to a NASA facility near New Orleans for forensic investigation.
“The BOP is considered evidentiary material, and is now under the supervision of the Deepwater Horizon Criminal Investigation Team and FBI Evidence Recovery Team,” Coast Guard Adm. Thad Allen said in a statement. The government hopes the equipment will provide some clues as to what caused the devastating leak.
U.S. Troops Battle Militants in Iraq
Days after the United States officially ended combat operations in Iraq, U.S. troops battled militants assaulting an Iraqi military headquarters in Baghdad on Sunday. The fighting killed 12 people and wounded dozens.