Trump Infrastructure Investment Delayed to 2018?
Reports are out that the promised Trump Administration infrastructure plan may be delayed until 2018 due to a Capitol Hill calendar that is “way overstuffed.”
Axios, a daily web news service, reported on the possible delay and ConstructionDive.com followed up with reporting that “construction-related stocks that received an initial post-election boost on the hopes of increased infrastructure spending have taken a hit. Share prices for U.S. Steel (-7.85%), Martin Marietta (-4.7%), Vulcan Materials (-3.15%) and Caterpillar (-2.7%) all fell on the news, according to Investor’s Business Daily.”
Read the ConstructionDive story HERE and the Axios reporting HERE.