President Obama is asking Congress for a six-year surface transportation spending plan that would spend $556 billion, including a $50 billion quick-start investment piece similar to what he proposed in September.
The president's fiscal 2012 budget request, for the year that begins in October, makes the case that the transportation spending helps strengthen the economy and create jobs. It also says "the president will work with Congress to ensure that the plan will not increase the deficit."
The budget proposal includes spending $8 billion in the coming year for Obama's intercity passenger rail program and $53 billion over six years.
It also asks for $30 billion over six years to go into a National Infrastructure Bank "to invest in projects of regional or national significance to the economy."
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