President-elect Barack Obama made a major economic policy speech this morning. He outlined his plans to invest in science and technology to develop America's 21st century economy.
But now, states are facing massive budget shortfalls. Here in Minnesota, the Governor and the legislature are working to close a $4.8 billion budget shortfall.
That has meant less money for municipalities. Today, the President-elect offered some hope to local governments who are dealing with those cuts.
Minneapolis Mayor R.T. Rybak was at Obama's speech at George Mason University near Washington Tom Crann talked to him about what he thought about Obama's plan.