President Barack Obama will likely explain his vision for a national infrastructure bank in the detailed budget he plans to release on Thursday, but analysts warn the bank will not be a comprehensive or quick fix for the nation's road and highway problems.

In the proposed budget he released in February, Obama set aside $5 billion in fiscal year 2010 for an entity to "provide direct federal investment" and "foster coordination through state, municipal and private co-investment" in building and repairing the country's physical capital.

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Posted by boyang at May 7, 2009 5:56 AM