President Barack Obama continues to
tout his plans to increase federal investment in the nation's ailing
infrastructure, a $50 billion initiative that the White House claims will spur
job creation and economic growth.
What remains unclear, however, is
how the Obama administration plans to pay for this and other infrastructure
initiatives that the President outlined in his State of the Union speech last
month.
In a
speech to the National Governors Association Monday, the President fleshed out
additional details of the plan, announcing that his administration will create "regional
teams" that will assist states in implementing infrastructure projects.
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