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President Obama's proposal for a new jobs bill, including what will probably be tens of billions of dollars for infrastructure projects, boosts the chances that such legislation, with a large public-works component, will fly in Congress in coming weeks.
House Speaker Nancy Pelosi (D-Calif.) says Democrats are working on a two-part jobs-creation legislative plan. She says that she hopes to see the not-yet-introduced measures passed by the end of this year. One part of the plan would extend unemployment and health benefits. The other part would include infrastructure funds.
Now that the holiday shopping season is in full swing, here is our second annual list of ideas for that special person in your life who loves to stare at the yellow iron on the side of the road.
With the November unemployment numbers due to be released Dec. 4--amid fears that the results won't be good--talks are under way on Capitol Hill about a new jobs-creating bill, or maybe bills. Nothing is concrete yet, but discussions appear serious.
The White House says that has preserved or created more than 640,000 "direct" jobs so far, including more than 80,000 in the construction industry. Next key indicatory: October unemployment rate, to be released Nov. 6
Pelosi says Democrats will take multi-pronged approach to jobs bills. They won't propose a big, new stimulus package. Additional appropriations are under discussion, but it's unclear whether increased spending on infrastructure will be part of the plan.
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