Obama Wants 300-Billion For Highways, Bridges, Rails

(St. Paul, MN) -- President Obama is proposing a 300-billion-dollar overhaul of the nation's highways, bridges and rail lines. Speaking in St. Paul, Minnesota Wednesday, the President said maintaining and boosting critical transportation programs will boost the economy. The four-year proposal would be paid for by closing tax loopholes. It will be part of the annual budget blueprint that the President is expected to submit to Congress next week. Obama said infrastructure projects create well-paying jobs that "cannot be outsourced."