Michael Bloomberg, mayor of New York City, says that “things have got to start changing in Washington” in order for the U.S. to remain “the world’s economic superpower” at a Senate hearing on the condition of the nation’s infrastructure. (0:43)
The Senate Banking, Housing, and Urban Affairs Committee held a full committee hearing on the condition of the nation’s infrastructure with four mayors from around the country. The chairman of the Committee, Senator Chris Dodd (D-Conn.), said that a local perspective is necessary to determine how to invest in infrastructure. Dodd said that the current methods of investment are as obsolete as the investments themselves. (more…)
At the CWA conference, Senator Barack Obama (D-IL) says America must focus on rebuilding its own infrastructure and proposes a national infrastructure reconstruction bank that will invest $60 billion over ten years for that purpose. He says if America can spend $400 million per day in Iraq and $10 billion a month rebuilding a foreign nation, it can spend $10 billion domestically to put citizens back to work and restructure the economy. (1:00)
Briefer: Dana Perino
President’s Schedule
President Bush has his normal briefings this morning at 8 am.
At 9.45 am, the President makes remarks to the Leon H. Sullivan Foundation at the Marriott Wardman Park Hotel in Washington, D.C. At 11.10 am, the President will participate in an interview with April Ryan of American Urban Radio Networks. This afternoon at 1:45 pm, he will meet with former Cabinet Secretaries and Senior Government Officials on Free Trade Agreements. At 2 pm, the President will make remarks on “Picturing America” Initiative in the East Room of the White House.
White House Press Secretary Dana Perino will brief the press at 12.45 pm today. (more…)
At a hearing today, Dr. Peter Orszag of the Congressional Budget Office testified regarding potential courses the Congress may pursue in dealing with the current economic crisis. Here he outlines the pros and cons of several solutions.
