President Barack Obama delivers remarks before signing HR 4348 (July 6, 2012)

President Barack Obama delivers remarks before signing HR 4348, the Transportation and Student Loan Interest Rate bill, during a ceremony in the East Room of the White House, July 6, 2012. (Official White House Photo by Pete Souza)

This afternoon, President Obama signed legislation that accomplishes two important goals -- keeping thousands of construction workers on the job rebuilding America's infrastructure and preventing interest rates on federal student loans from doubling.

"These steps will make a real difference in the lives of millions of Americans -- some of whom are standing with us here today," the President said. "But make no mistake -- we’ve got a lot more to do."

The President addressed an audience of students and construction workers from the East Room of the White House.

"[Let's] make sure that we are keeping folks on the job and we're keeping our students in school," he said.

Earlier, we shared a video with young people who helped to push for this bill describing why it's so important to speak out. Give it a watch.

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