(MIAMI) — President Obama will pitch his plan to create jobs by attracting private investment in public work projects during a trip to Miami on Friday, according to a senior administration official.
Obama will push Congress for billions of dollars in infrastructure spending and outline the “Rebuild America Partnership” to leverage private investment during a visit to PortMiami, which is undergoing a $2 billion renovation funded by government and private money.
Expanding on the proposals outlined in his State of the Union address, the president will call for a $40 billion “Fix-It-First” program for urgent infrastructure repairs and urge Congress to create a $10 billion national “Infrastructure Bank.”
The official would not detail how the infrastructure proposals will be paid for but said they will be included in the president’s budget, which will be released on April 10.
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Chris Isidore, CNN
Scott Stuntz, Teton Valley News
Tom Kludt and Jeremy Diamond, CNN