President Obama has unveiled a $50 billion infrastructure proposal he says will create thousands of jobs. In a Labor Day speech from Milwaukee, Obama said the project would build roads, railways and runways nationwide.

President Obama: “Over the next six years, we are going to rebuild 150,000 miles of our roads. That’s enough to circle the world six times. That’s a lot of road. We’re going to lay and maintain 4,000 miles of our railways — enough to stretch coast to coast. We’re going to restore 150 miles of runways, and we’re going to advance a next generation air-traffic control system to reduce travel time and delays for American travelers.”

With midterm elections less than two months away, Obama is expected to unveil additional measures this week, including a $200 billion tax break that would allow businesses to write off new capital investments.