World | USA
Obama vows more infrastructure investments
US President-elect Barack Obama on Saturday announced parts of an economic recovery plan aimed at creating 2.5 million jobs.
- Agencies
- Published: 15:19 December 6, 2008
Washington: US President-elect Barack Obama on Saturday announced parts of an economic recovery plan aimed at creating 2.5 million jobs by boosting infrastructure.
In his weekly radio address, Obama reflected on news that more jobs had been lost in November than in any month since 1974 and said that action is coming.
"We'll invest your precious tax dollars in new and smarter ways, and we'll set a simple rule - use it or lose it," he said.
"If a state doesn't act quickly to invest in roads and bridges in their communities, they'll lose the money," he added.
News Editor's choice
-
6,000 cups and counting: Addicted to that tea
This cafeteria in Al Mamzar attracts thousands of customers daily, including the rich and not so rich
-
Swimming pool horror: Twins hospitalised
Twins rushed to hospital after collapsing from chlorine inhalation at swimming pool in their villa
-
Play your cards right with credit card interest
UAE Central Bank plans to cap interest rates, but are you paying thirty-five per cent now?
