Budaet Battle Takes Toll on Public Works

摘要

Public construction is starting to feel the impact of the battle over the federal budget deficit and the weak financial position of many state and local governments. In April, public construction was running at a seasonally adjusted annual rate of $282 billion, which was 7.5% below April 2010's pace. It also marked the fourth consecutive month the seasonally adjusted annual rate has declined, according to the U.S. Dept. of Commerce (see chart).