Obama Pushes Transportation Money at Closed Bridge - KTVN Channel 2 - Reno Tahoe News Weather, Video -

Obama Pushes Transportation Money at Closed Bridge

Posted: Updated:
 WILMINGTON, Del. (AP) -- President Barack Obama has announced a new program aimed at attracting more private money to help pay for new roads, bridges and highways. And he's criticizing Congress for refusing to approve a more lasting source of transportation funding.
 
Obama spoke today at the Port of Wilmington in Delaware, where a recently-closed Interstate 495 bridge served as the backdrop. The bridge was closed indefinitely last month after four support columns were found to be tilting.
 
The new program is designed to encourage collaboration between state and local governments and private-sector investors. It's supposed to expand the market for public-private partnerships and make greater use of federal credit programs.
 
Obama argued that the U.S. is losing its competitive edge to other countries that spend freely to upgrade infrastructure.
 
His trip was part of a broader effort to press Congress to keep money flowing into the Highway Trust Fund. It's the source of federal aid to states for surface transportation projects. The fund is expected to begin running out of money next month unless lawmakers act.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Woman Dies at Burning Man

    Woman Dies at Burning Man

    Thursday, August 28 2014 4:28 PM EDT2014-08-28 20:28:49 GMT
    An early morning incident has left one woman dead at the Burning Man festival in Nevada's Black Rock Desert.More >>
    An early morning incident has left one woman dead at the Burning Man festival in Nevada's Black Rock Desert.More >>
  • 2 Injured in Helicopter Crash

    2 Injured in Helicopter Crash

    Thursday, August 28 2014 3:29 PM EDT2014-08-28 19:29:38 GMT
    The Douglas County Sheriff's Office reports that two people have suffered minor injuries in a helicopter crash on Wednesday, August 27th.More >>
    The Douglas County Sheriff's Office reports that two people have suffered minor injuries in a helicopter crash on Wednesday, August 27th.More >>
  • Spider Season is Here, More Black Widows Are Near

    Spider Season is Here, More Black Widows Are Near

    Wednesday, August 27 2014 9:16 PM EDT2014-08-28 01:16:54 GMT
    Its spider season here in the Truckee Meadows… that means we're seeing a huge influx of black widows and other bugs outside right now. Spider season starts in early August and goes until late October and even early November. More >>
    Its spider season here in the Truckee Meadows… that means we're seeing a huge influx of black widows and other bugs outside right now. Spider season starts in early August and goes until late October and even early November. More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and Sarkes Tarzian, Inc. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.