UPDATED: Obama Announces Plan to Expedite Funds for Infrastructure

President lobbies for $447 billion American Jobs Act in front of Key Bridge in Georgetown.

Speaking next to a giant American flag with the Key Bridge in the background Wednesday, President Barack Obama called on Congress to pass his $447 billion American Jobs Act swiftly. The speech comes just under two months after he initially proposed the act before both houses of Congress in September. "We've got to do something, because our businesses and our economy are already paying for it," Obama said to a crowd of 150 people, mostly construction workers and union members. Construction vehicles lined the Whitehurst Freeway near the Georgetown waterfront where the president spoke. The act includes $50 billion in spending on transportation infrastructure, such as roads and bridges. The president announced Wednesday that loans and grants …

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