The White House announced Monday that President Barack Obama will deliver a major economic speech Tuesday morning at Georgetown University.
According to the White House, the speech will focus on how each step Obama's administration has taken to confront this economic crisis fits within his broader vision of how to move this economy from recession to recovery and ultimately to prosperity.
He'll also talk about the significant work that remains to be done to get the economy moving forward once again, the White House added.
The announcement came on the same day that Obama said that thousands of major infrastructure projects being undertaken as part of his economic stimulus plan were ahead of schedule and under budget.
According to the president, 2,000 projects to rebuild the nation's infrastructure had already been approved.
By the end of next year our investment in highway projects alone will create or save 150,000 jobs, most of them in the private sector, Obama said.
What is most remarkable about this effort ... isn't just the size of our investment or the number of projects we're investing in. It is how quickly, efficiently and responsibly those investments have been made.
Obama noted that the competition for the projects had led to bids coming in under budget in many states around the country, with bids coming in at 15-20 percent lower than had been expected.
Because these projects are proceeding so efficiently, we now have more recovery dollars to go around, and that means we can fund more projects, revitalize more of our infrastructure, put more people back to work, Obama added.
It is now clear that day by day, project by project, we are making progress.
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