President Obama's Weekly Address 6/23/12: Congress Must Act on Transportation Bill and Student Loans

WASHINGTON, DC— In this week’s address, President Obama spoke about the urgent need for Congress to act now on two common sense measures to help hardworking middle class families. Unless Congress takes action in the next week, thousands of workers will be sent home from their jobs and millions of students will see their interest rates double. At a time when hundreds of thousands of construction workers are eager to get back on the job, it makes no sense to let transportation funding run out. And at a time when a college education has never been more important to finding a good job, it makes no sense to hit 7.4 million students with the equivalent of a $1,000 tax. It’s not too late, but time is running out for Republicans and Democrats to come together on these common sense measures to help our nation recover from the worst recession since the Great Depression.