The simmering debate over how to cut the federal budget deficit is heating up, with the April 13 release of President Obama's outline for shrinking the budget gap squaring off against House Republicans' deficit-trimming plan, drafted by Budget Committee Chairman Paul Ryan (Wis.) and approved by the chamber on April 15. Photo: Courtesy of House Republican Conference Duel begins between budget plans from the House GOP’s Ryan and Obama. Photo: Pete Souza Both proposals would slice non-defense domestic spending, which could hit construction programs. Construction officials welcome the fiscal focus. The proposals aim to slash the deficit by about $4
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.