DOT Secretary: Unless Congress Acts on Infrastructure, 700,000 People Will Lose Jobs

Anthony Foxx On U.S. Infrastructure: 'We Must Do More' (Associated Press)

WASHINGTON (AP) — The Obama administration warned Congress Monday that a key federal government fund used to pay for the nation's roads, bridges and ports is running dry and that the economy would be damaged if it is not replenished.

A White House economic analysis concluded that without congressional action, more than 112,000 ongoing projects would be in danger of falling idle, affecting nearly 700,000 jobs.

Such project delays would slow commerce, hinder commuters and hurt businesses, Transportation Secretary Anthony Foxx said.

"We have an infrastructure deficit in this country," Foxx told reporters Monday at the White House.