Obama's Infrastructure Plan Fails in Senate

51-49 vote kills $60 billion plan to invest in buildings in roads.

+ More

Obama last week uncorked a "We Can't Wait" initiative that relies on executive authority rather than legislation from a bitterly divided Congress to help homeowners refinance "underwater" homes and give borrowers relief from their student loans.

[Check out our editorial cartoons on President Obama.]

Meanwhile, House GOP leaders are casting blame on the Senate for failing to act on 15 "forgotten" jobs bills, including a measure to repeal a law requiring federal, state and many local governments to withhold 3 percent of their payments to contractors until their taxes are paid.

Also Thursday, the House is poised to approve bipartisan legislation to remove a Securities and Exchange Commission ban that prevents small, privately held companies from using advertisements to solicit investors. The SEC ban, says bill sponsor Rep. Kevin McCarthy, R-Calif., unfairly limits the ability of small companies to raise capital.

"While the president is out doing campaign events all over the country, what he could do is to actually come to Washington and be focused on trying to help pass bills that would create a better environment for job creation and help put the American people back to work," House Speaker John Boehner, R-Ohio, said.

  • Obama Takes Infrastructure Agenda to Key Bridge.
  • Lessons for Congress From the Chaos in Greece.
  • Is Obama's National Infrastructure Bank the Answer on Jobs?