Obama asks $105B in public works, more jobless aid
(AP) - President Barack Obama is proposing spending $105 billion on public works projects as part of his package to spur job growth. He also is recommending that Congress renew nearly $50 billion in unemployment benefits for about 6 million people at risk of losing their jobless insurance.
The spending is contained in a broader $447 billion jobs planthat the president is unveiling Thursday before a joint session ofCongress.
The proposal also contains deeper payroll tax cuts for workersand new payroll tax cuts for businesses.
In addition, the plan proposes spending $35 billion so thatstates and local governments can prevent layoffs of teachers andemergency services personnel.
White House officials say the proposal represents a boldresponse to serious economic weakening.