Obama calling for more infrastructure spending

By: AP
By: AP

WASHINGTON -- It's no holiday for President Barack Obama, who is traveling to Milwaukee to roll out an economic proposal meant to help rev up the economy.

Obama is expected to call for long-term investments in the nation's roads, railways and runways that would cost at least $50 billion. Officials say the White House would consider closing a number of special tax breaks for oil and gas companies to pay for the proposal.

The project is the first phase of proposals the White House is expected to unveil between now and the November election. The investments would be over six years but are intended to help create jobs in the near future.

In an interview today on CBS' "Early Show," Labor Secretary Hilda Solis said today's proposal will "put construction workers, welders, electricians back to work."

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