(CNBC) Even though his health-care website is still in need of dire repair, President Obama was in the port of New Orleans earlier this month talking about repairing a much bigger problem: the nation's aging highways, bridges and ports. Saying that 1 in 9 bridges are structurally deficient and more than 40 percent of major highways are congested, Obama repeated his call for major infrastructure investment, but it's unclear how or if that will happen.
Announced during his State of the Union speech in February, Obama's Fix-It-First program calls for $40 billion in spending on a backlog of urgent repairs and upgrades. That would follow $31 billion that went into infrastructure as part of the American Recovery and Reinvestment Act. But those sums are dwarfed by the $3.6 trillion in investment the American Society of Civil Engineers (ASCE) says is needed by 2020.