Pelosi: Port Investment Will Create Bay Area Jobs

SAN FRANCISCO (CBS/AP) – House Minority Leader Nancy Pelosi is using a weekend return to San Francisco to call for more investments in the nation's ports and other infrastructure as a way to create jobs.

Pelosi spoke at San Francisco's Pier 70 on Saturday, which houses one of the largest floating dry docks in the United States.

According to Pelosi's office, the nation's port industry is responsible for more than 13 million jobs, which creates about $649 billion in personal income.

But the former House Speaker claims that investments that would allow the ports to create even more jobs are being threatened by Republican budget cuts.

During her visit to the pier, Pelosi was accompanied by San Francisco Mayor Ed Lee and the executive directors of the Port of San Francisco and Port of Oakland.

(© 2011 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)