Quote of the Day
"The U.S. economy expanded at a faster clip than initially forecast in the third quarter, helped by more robust consumer spending and by stronger exports. The economy grew at a 2.5% annualized pace in the quarter, revised up from the initial estimate of 2.0%, the government said in its second estimate of quarterly gross domestic product. GDP growth was 1.7% during the second quarter.”
- Wall Street Journal’s MarketWatch, 11/23/2010
For Release: Tuesday, September 7, 2010
Contact: David Gillies: 202-225-5661
COSTELLO STATEMENT ON PRESIDENT OBAMA’S NEW $50 BILLION INFRASTRUCTURE PLAN
WASHINGTON – U.S. Congressman Jerry Costello (D-IL), a senior member of the House Transportation and Infrastructure Committee, issued the following statement today regarding President Obama’s new plan for $50 billion in national infrastructure improvements:
“I have been a long-time proponent of the benefits of increased infrastructure investment, so I applaud the President's plan to direct $50 billion for this purpose over the next year. Improving our roads, bridges, aviation system and levees not only creates good-paying jobs and makes our communities safer, it leaves us with long-term economic assets that make our economy more efficient well into the future. This is precisely why infrastructure investment is a high priority for business leaders. In our region, we have a particular need to upgrade our levee systems, and I have encouraged President Obama to emphasize levee and lock and dam restoration going forward. I will continue to work with the President and my colleagues on a multi-year transportation bill.”
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