Jobs, Infrastructure | featured news

US President Barack Obama appeals for private funds for infrastructure projects, in a bid to create jobs without adding to the budget deficit.

Finding rare political accommodation on the cusp of a holiday recess, Congress passed legislation Friday designed to salvage 2.8 million jobs and shield students from a sharp increase in loan interest rates....

Republicans in the Senate Thursday dealt President Barack Obama the third in a string of defeats on his stimulus-style jobs agenda, blocking a $60 billion measure for building and repairing infrastructure like roads and rail lines.

American has fallen to 23rd in infrastructure quality globally, with a daunting $2 trillion backlog of needed projects. A national infrastructure bank, gaining support in Congress, could help.

President Barack Obama is calling for a six-year, $53 billion investment in high-speed rail as he seeks to use infrastructure spending to create jobs.

The president’s initiative would create jobs quickly by emphasizing long-term transportation projects like roads, rail and airport runways.

President Barack Obama proposed on Tuesday small business tax cuts, fresh infrastructure spending and energy efficiency rebates to boost jobs, but there were few details on the scale or cost of the measures.