Uncertainty over Administration’s Infrastructure Plan Is Affecting Some Projects in the Pipeline

The New York Times reports, “When President Trump pledged during the campaign to spend $1 trillion to restore America’s crumbling bridges and roads, supporters across the country cheered. . . . Then came Mr. Trump’s budget proposal,” which called for a thirteen percent reduction in USDOT spending. Now, The Times observes, until President Trump and the circle of real estate and business executives advising him on infrastructure come up with a detailed plan, “several infrastructure projects remain in limbo — even ones approved by voters. And local governments may now have to scramble to secure private investors.”