Update: Obama’s full remarks can be read here.

With unemployment still rising and the American infrastructure getting no less crumbly, President Obama is set to announce a six-year plan to build roads and create jobs, starting with a $50 billion investment. That’s assuming Congress gets on board the recovery train.

BBC:

“Over the next six years, we are going to rebuild 150,000 miles of our roads — enough to circle the world six times,” Mr Obama is to tell an event in Milwaukee marking the Labor Day holiday in the US, according to prepared remarks.

“We’re going to lay and maintain 4,000 miles of our railways — enough to stretch coast-to-coast. We’re going to restore 150 miles of runways and advance a next generation air-traffic control system to reduce travel time and delays for American travellers — something I think folks across the political spectrum could agree on.”

“All of this will not only create jobs now, but will make our economy run better over the long haul,” Mr Obama will add.

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