Tanya Snyder

Last night, President Obama addressed a joint session of Congress to present his new jobs plan, a bill he’s calling the American Jobs Act. He relied on the well-worn appeal to people’s patriotic competitiveness by pointing out that China is improving its infrastructure while the U.S. is sitting idly by. Without mentioning the dollar figure (psst… it’s $50 billion) he said he’d get construction workers back on the job rebuilding transportation infrastructure and schools:

This morning brought some useful indicators about the outlook for President Obama's jobs bill. Good news first: Mark Zandi, chief economist at Moody’s Analytics, says President Obama’s job creation plan will likely add 1.9 million jobs, cut the unemployment rate by a percentage point, and grow the economy by 2 percent.

Tonight, President Obama will unveil his jobs plan before a skeptical Congress. It’s unclear how much of the $300 billion proposal will go to infrastructure, but the president has said that will be a centerpiece of the proposal. An infrastructure bank and a new version of the expired Build America Bonds program could also be on the agenda.

The Senate Environment and Public Works Committee is meeting tomorrow to discuss a four-month extension to the current transportation bill, SAFETEA-LU. The map above is from a short but powerful document the Federal Transit Administration put out this week explaining "The Impacts of Failing to Extend Surface Transportation Funding" [PDF]. How much transit work would grind to a halt in your state without an extension?

Oklahoma Republican Tom Coburn is known around the Senate as "Dr. No" for his propensity to hold up key legislation, single-handedly, because it contains something not to his liking (or sometimes because he's upset about something else entirely.) On Veterans Day in 2009, he shocked even his GOP colleagues by blocking veterans' benefits because he wanted their cost to be offset. Because of a Senate rule requiring unanimity for certain votes, he alone has been able to block votes on wilderness protections, health care provisions, and disarmament in Uganda.

House Majority Leader Eric Cantor has put forth an idea that major news outlets are calling an "olive branch" to President Obama on infrastructure funding.

Two key Democratic senators today released state-by-state numbers showing how many jobs would be lost if the current surface transportation authorization bill is not extended by September 30. Sen. Barbara Boxer (D-CA), chair of the Environment and Public Works Committee, and Sen. Tim Johnson (D-SD), chair of the Banking, Housing, and Urban Affairs Committee, sent a letter to their Senate colleagues urging them to act and highlighting the job loss numbers for their state.

"I'm calling on Congress, as soon as they come back, to pass a clean extension of the surface transportation bill," President Barack Obama said from the Rose Garden this morning. "This bill provides funding for highway construction, bridge repair, mass transit systems, and other essential projects that keep our people and our commerce moving quickly and safely. And for construction workers and their families across the country, it represents the difference between making ends meet and not making ends meet."

Congress returns from a monthlong recess — oh sorry, “district work period” — next Wednesday. Before September 30, they’ll have to figure out next steps for keeping the transportation program going, assuming there’s no way that the two chambers will come to an agreement about a long-term bill before the current extension expires. Both houses are reportedly now on board to pass an extension of the current transportation law, but many questions remain.

Now that we've made it through Hurricane Irene, in many cases with less damage than expected, we can turn our attention to the real question: what does this mean for gas prices?