The idea of a federal infrastructure bank has been floating around Washington for years, and has recently gathered significant support. But with debates underway about the federal budget, some wonder whether the idea stands a chance.
National Journal asks its panel of transportation experts if the infrastructure bank idea will catch on.
"Obama sees infrastructure investment as the key to job growth and economic competitiveness. The infrastructure bank would ensure success on large transportation projects because the administration would select only the best ideas for federal funding, in the White House view. Skeptics in Congress have balked at an infrastructure bank, worrying that it would face the same problems as the politically unpopular Fannie Mae and Freddie Mac. House Republicans are unlikely to give the Transportation Department the funding to make an infrastructure bank work as Obama would like."
Read the full story: Is There Hope for an Infrastructure Bank?
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