Obama's transportation secretary just announced $4 billion for self-driving cars

A self-driving car at Google's headquarters.
(Image credit: NOAH BERGER/AFP/Getty Images)

The future is upon us — or, at least, accelerating its approach. U.S. Transportation Secretary Anthony Foxx is set to announce Thursday at the Detroit Auto Show a proposal to spend $4 billion over the next decade to expedite the development of self-driving cars.

The proposal, which will be part of President Obama's 2017 budget, promises to iron out existing regulatory obstacles snarling self-driving cars' development and to begin the collaborative process of outlining rules and regulations for the future. Within six months, Foxx says the patchwork status of state laws regarding automated cars will be transformed into a more cohesive set of regulations.

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