Items Tagged with 'spending'

House passage of the fiscal year 2026 defense bill sets sweeping industrial-base reforms in motion, with new multiyear contracting tools, major MILCON directives and substantial shipyard and depot investments underway.

While overall growth is expected for the construction industry, uncertainty remains looking forward into 2026.

Transportation, power will continue to grow through 2026, while manufacturing will weaken, economists say.

Tariffs and interest rates are among the challenges noted by Associated Builders and Contractors' economist Anirban Basu.

Continued economic uncertainty is a catalyst for the decline in spending, industry economists say.

The first modern Golden Age of federal public works investment involved building the nation-changing Interstate Highway System starting in 1956, declared finished in 1992. What many considered the second was developed by the Biden administration and authorized by Congress to renew transportation infrastructure and propel transition to.more energy sources—but its fate now is unclear.

With the August recess drawing near, congressional appropriators are making progress on spending bills for fiscal 2025.

Commercial spending continues will continue to lag, according to the AIA mid-year forecast.

Construction-in-progress spending climbs higher, with Top 25 firms accounting for 60%, as economists predict a megaproject boom will compound resource challenges.

When zero hour arrived in Washington, D.C., for the infrastructure and social spending packages that were once firmly tied together and now are only sort of tied together, a House vote was held on the infrastructure measure, and 13 Republicans voted for it. They now deserve support against withering criticism from within the GOP and from the Murdoch media empire’s Wall Street Journal and Fox News.