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Tag: Barack Obama
Roadbuilding
With oil prices plummeting, Obama says now is time to raise gas tax
Gas prices are continuing to drop to historic lows, and there’s really no sign the trend will reverse any time soon. With that in mind, President Barack Obama thinks now is as good a time as any to raise the gas tax. According to The Hill, Obama told reporters last week the low prices on […]
February 9, 2016
Business
Caterpillar’s call for engagement with Cuba more than just a sly business move
Early this week Caterpillar sent out a press release calling for an end to the trade embargo against Cuba. This was in response to President Obama’s easing of sanctions and the announcement of an American embassy to be built in Havana. All of this is good news for Cuba and for us, and it demonstrates […]
July 24, 2015
Roadbuilding
Obama signs 2-month extension for highway funding, calls for end of patches
President Barack Obama signed a two-month extension of the Highway Trust Fund into law May 29. According to a report from The Hill, Obama signed the bill to extend the funding, but the administration took time to call for an end to the constant patches for infrastructure funding. Press secretary Josh Ernest said the White House […]
June 1, 2015
Roadbuilding
Obama administration kicks off Infrastructure Week funding push
As lawmakers on Capitol Hill scramble to extend transportation funding before the end of the month, a week of events is set to advocate for roadwork during Infrastructure Week. Vice President Joe Biden kicked off the week designed to raise awareness and increase the funding in transpiration on Monday in a webcast with U.S. Secretary of […]
May 12, 2015
Roadbuilding
Senate fails to override veto on Keystone XL pipeline construction
President Obama’s veto of the Keystone XL pipeline remains intact after the Senate could not muster enough votes March 4 to override the decision. The president vetoed Senate bill S. 1 in late February. The Senate fell just a few votes shy of the two-thirds majority needed in a 62-37 vote, according to a report […]
March 5, 2015
Roadbuilding
Obama proposes 6-year, $478 billion highway bill; industry groups voice support
As part of his new, $3.99 trillion budget released Monday, President Barack Obama has proposed $478 billion to fund the country’s transportation and infrastructure work over the next six years. Instead of raising the federal gas tax, Obama’s proposal would be paid for with money generated by a one-time tax holiday for companies with overseas investments. […]
February 2, 2015
Business
Obama urges Congress to focus on improving infrastructure rather than Keystone XL in State of the Union
President Barack Obama in his sixth State of the Union address made little mention of issues related directly to construction and transportation, which has in years past come in the form of the president pushing Congress to do more to fund highways and other transportation infrastructure. Unlike recent years, however, the president only briefly addressed transportation infrastructure […]
January 21, 2015
Business
Contractors, construction equipment manufacturers have much to gain from restoration of trade with Cuba
Though the restoration of diplomatic relations between the U.S. and Cuba has a long way to go, construction is firmly planted among the industries with the most to gain from the reversal of the half-century-old political stalemate announced by President Barack Obama last week. On Wednesday, Obama announced that he was ordering a full restoration […]
December 22, 2014
Roadbuilding
President Obama calls America’s transportation infrastructure ’embarrassing’
President Obama is embarrassed by the current state of America’s transportation infrastructure and he made no bones about it while talking to corporate leaders. “I’d much rather have our problems than China’s problems. That I’m confident about. On the other hand, the one thing I will say is if they need to build some stuff, […]
December 3, 2014
Roadbuilding
Highway Trust Fund 2014: Timeline of Events
It felt like an eternity went by before Congress passed a bill to fund the Highway Trust Fund through May 2015. Unfortunately, for or as long as it took, nobody ended up happy with the outcome. Congress had months to work out a long-term deal and all they could agree on is a short-term plan […]
August 15, 2014
Roadbuilding
Congress passes Highway Trust Fund patch; Obama signs
Just hours after the House turned down the Senate’s highway funding bill, Congress has passed a $10.8 billion bill to fund the Highway Trust Fund. Without the temporary patch, the HTF would have run dry in the next month or so. The bill is expected to be signed by President Barack Obama and should allow […]
August 12, 2014
Business
Senate committee approves bill to bypass Obama, clear the way for Keystone XL pipeline construction
A bill that would temporarily bypass President Barack Obama and approve construction of the controversial Keystone XL pipeline passed a U.S. Senate committee Wednesday receiving bipartisan support. The Energy and Natural Resources committee voted 12-10 Wednesday to approve the bill. All Republicans in the committee supported the bill and were joined by Democrats Joe Manchin of […]
June 19, 2014
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