Obama signs 5-year infrastructure spending bill

Posted at 5:06 PM, Dec 04, 2015
and last updated 2015-12-04 17:06:04-05

WASHINGTON (AP) — President Barack Obama has signed into law a $305 billion bill that provides a modest increase in spending over the next five years to maintain and upgrade the nation's aging transportation network.

Obama signed the measure into law at the White House on Friday, a day after Congress overwhelmingly approved it.

In a written statement, Obama said the bill isn't perfect, but called it a commonsense compromise and an important first step in the right direction.

He says he'll continue to push for greater transportation spending to meet the nation's infrastructure needs and create jobs.

Administration officials have said $400 billion over six years is the minimum needed to prevent traffic congestion from worsening.