@dougmillsnyt: A young girl greets President Obama as he arrives at the New Castle Air National Guard Base, in New Castle, Delaware.
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@dougmillsnyt: Obama is reflected through the window as he greets customers at the Charcoal Pit to in Wilmington, Del.
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President Barack Obama speaks about transportation and an initiative to increase private sector investment in national infrastructure, at the Port of Wilmington in Wilmington, Delaware, near the Interstate 495 Bridge. The federal government is helping pay for repairs to the bridge, which state officials ordered closed on an emergency basis last month because several supporting columns were tilting.
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President Barack Obama signs a initiative to increase private sector investment in the nation’s infrastructure after speaking in front of the Interstate 495 bridge over the Christina River near Wilmington, Delaware
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"We’ve got to make sure our economy works for every American. That’s why I ran for President. It’s what I’m focused on every day." —Obama
White House: Fact Sheet: Building A 21st Century Infrastructure: Increasing Public And Private Collaboration With The Build America Investment Initiative
Today, the President will deliver remarks at the Port of Wilmington in front of the I-495 Bridge in Delaware. With 90,000 cars moving over it per day before repairs began, this bridge is a key example of the importance of infrastructure, which keeps the economy moving, spurs innovation, and bolsters our national competitiveness. At the port – and in this Year of Action – the President will announce a new executive action to create the Build America Investment Initiative, a government-wide initiative to increase infrastructure investment and economic growth. As part of the Initiative, the Administration is launching the Build America Transportation Investment Center – housed at the Department of Transportation – to serve as a one-stop shop for cities and states seeking to use innovative financing and partnerships with the private sector to support transportation infrastructure.
That is why today, the President will sign a Presidential Memorandum to launch the Build America Investment Initiative, a government-wide initiative to increase infrastructure investment and economic growth by engaging with state and local governments and private sector investors to encourage collaboration, expand the market for public-private partnerships (PPPs) and put federal credit programs to greater use. Starting with the transportation sector, this initiative will harness the potential of private capital to complement government funding. As part of the Initiative, the Administration is launching the Build America Transportation Investment Center: Housed at the Department of Transportation, this center will serve as a one-stop shop for state and local governments, public and private developers and investors seeking to utilize innovative financing strategies for transportation infrastructure projects.
President Barack Obama meets with Tanei Benjamin at the Charcoal Pit in Wilmington, Del., before speaking about transportation and infrastructure. Benjamin wrote the president a letter about her struggles as a working single mother.
President Obama holds Jaidyn Oates, 7 months, at the Charcoal Pit in Wilmington
President Barack Obama holds seven-month-old Jaidyn Oates during a stop at the Charcoal Pit
Tanei Benjamin wipes tears from her eyes after receiving a hug from President Barack Obama
President Barack Obama applauds during an event in the East Room of the White House, where he signed a Presidential Memorandum on reducing the burden of student loan debt. The president said the rising costs of college have left America’s middle class feeling trapped. He says no hard-working young person in America should be priced out of a higher education. President Obama signed a presidential memorandum he says could help an additional 5 million borrowers
President Barack Obama signs a Presidential Memorandum on reducing the burden of student loan debt
Chicago Tribune: Obama Moves To Ease Student Loan Burdens, Urges Congress To Act
President Barack Obama on Monday signed an executive order making it easier for up to 5 million people to pay off college tuition debt, and scolded congressional Republicans for opposing legislation that would lower student-loan borrowing costs. Obama signed an executive order allowing more people to limit repayments of federal student loans to 10 percent of their monthly incomes. The action will not take effect until December 2015. The administration will also try to lower student costs by renegotiating government contracts with companies like Sallie Mae that service student loans, he said.
The president said Congress should also take steps to ease debt burdens on students, 71 percent of whom earn bachelor’s degrees with debt, which averages $29,400. Senate Democrats have proposed legislation that would allow millions of Americans to refinance both federal and private undergraduate student loans at lower interest rates. The bill is unlikely to overcome the opposition of Republicans. “If you’re a Big Oil company, they’ll go to bat for you,” he said. “If you’re a student, good luck.”
President Barack Obama signs a Presidential Memorandum directing Labor Secretary Tom Perez to modernize overtime protections. He is bypassing Congress and ordering changes in overtime rules so employers would required to pay millions more for extra time they put in on the job.