Biden touts new infrastructure in LA

The White House hosted a summit Thursday to help speed up construction projects tied to the $1 trillion infrastructure law as the Biden administration tries to improve coordination with the mayors and governors who directly account for 90% of the spending.

At a Los Angeles subway line construction site, President Biden said that the infrastructure investments were crucial for improving people's quality of life and economic opportunities.

The president spoke on the heels of an inflation report showing that prices climbed 8.2% from a year ago. he said he would address the cost of gasoline in remarks in the coming week.

Administration officials plan to use the White House summit to smooth the way for accelerating the pace of construction, which can help to control costs and maximize the value of dollars spent.