Obama Pushes $50 Billion for Infrastructure Plan

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President Barack Obama is pushing a $50 billion plan to upgrade the nation's infrastructure, which he hopes will stimulate the economy.

Obama said he believes it will create jobs for the middle class and make an investment in the country's future.

"Our roads, clogged with traffic, cost us $80 billion a year in lost productivity and wasted fuel. Our airports, choked with passengers, cost nearly $10 billion a year in productivity losses from flight delays," Obama said.

"And in some cases, our crumbling infrastructure costs American lives," he said. "It should not take another collapsing bridge or failing levee to shock us into action."

The plan includes rebuilding 150,000 miles of roads, laying 4,000 miles of railways, restoring 150 miles of runways and implementing a next-generation air traffic control system to reduce delays.

President Obama said he wants to work with Congress to see that the plan can be paid for without adding to the deficit.

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