Tag: sequestration

Business

Nonresidential construction index indicates gradual improvement, notes concerns with sequester, labor shortage

The FMI Nonresidential Construction Index has reached the highest mark since its inception in the first quarter of 2009. Released this week, the second quarter 2013 edition of the NRCI reached 60.1. FMI, a management consultant and investment banking provider, surveys a group of panelists each quarter to measure the health of the nonresidential construction […]

May 30, 2013

Roadbuilding

Industry professionals lobby Congress to spare construction from sequester cuts

Construction professionals have begun lobbying Congress to spare their projects from the sequester cuts that took effect March 1, the New York Times reported. Associated General Contractors of America (AGC) has flooded Congress with emails and letters to protest the hundreds of automatic cuts to these projects. The sequestration cuts, which are divided between military […]

March 15, 2013

Business

Construction companies, AGC lobby Congress to spare programs from sequester cuts

With an estimated $4 billion in federal construction projects in jeopardy due to the sequestration cuts that took effect March 1, construction companies have begun lobbying the government to spare their projects, the New York Times reports. The Associated General Contractors of America has flooded Congress with e-mails and letters protesting the cuts. The sequester […]

March 14, 2013

Business

Sequester to cut $4 billion from federal construction programs

Sequestration, the automatic federal spending cuts that took effect on March 1, will cut more than $4 billion from federal construction programs according to data from a report to Congress from the Office of Management and Budget. Largely exempt from the cuts are the Highway Trust Fund and the Airport Improvement Program. However, most federal […]

March 5, 2013

Roadbuilding

LaHood on sequestration and transportation

U.S. Transportation Secretary Ray LaHood released a statement on Feb. 22 with his thoughts on what sequestration will mean for the nation and for transportation. For the official statement, go to http://www.dot.gov/briefing-room/statement-sequestration-us-transportation-secretary-ray-lahood-22-february-2013.) LaHood says in the statement that “sequestration will have a serious impact on the transportation services that are critical to the traveling public […]

February 26, 2013

Roadbuilding

Bowles and Simpson try again. Again.

Ladies and Gentleman, please welcome back, Simpson and Bowles! Alan Simpson, a Republican and  Democrat Erskine Bowles have come up with a new deficit reduction plan. You will recall that the duo were co-chairs of the White House’s 2010 deficit-reduction panel, which put together a bipartisan package of tax and spending changes. That plan, of course, […]

February 20, 2013