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June 25, 2009

Biden: $19B in highway stimulus already set aside

WASHINGTON (AP) — Vice President Joe Biden says more than half of the economic stimulus money set aside for highway projects has been allocated.

Biden plans to tell the Cabinet on Thursday that every state and territory should beat the June 29 deadline to identify half their spending for highway funds. He says that $19 billion has been set aside to pay for 5,300 transportation projects.

Of that number, 1,900 are already under way. Projects in economically distressed areas or those that would maximize creating jobs were given top priority.

Biden says the stimulus spending's goal is to get people back to work quickly and transportation projects are ideal for that.

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