In Mississippi, the largest project under construction is the Port of Gulfport, which is using some $500 million in statewide recovery funds from Hurricane Katrina. The state calls it a critical resource, but some residents hit hard by Katrina fear they won't see the benefits.
It's a common refrain in the Republican presidential field: The U.S. has the second-highest corporate tax rate in the world. At 35 percent, that's true — on paper. Some corporations take advantage of complex international tax loopholes to pay almost no corporate taxes at all.
The president held a campaign-style event in Richmond, Va., on Friday to sell his American Jobs Act as a much-needed shot in the arm for a still struggling economy. Calling himself "an eternal optimist," Obama said he still believes Congress can come together around a plan like the one he's proposed.
As President Obama proposes more infrastructure spending to create jobs, the earlier stimulus offers lessons of what worked, and what didn't, for temporary construction jobs. In some cases, the 2009 stimulus didn't create new jobs, an expert says.
While President Obama's speech Thursday night focused on jobs, the president also touched on homeownership. The president talked about helping people refinance mortgages, in turn putting more money in families' pockets. Robert Siegel speaks with Secretary of Housing and Urban Development Shaun Donovan about what the president has in mind.
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