America's infrastructure is the oldest on record and in desperate need of repair and new construction. What's less obvious is whether President-elect Donald Trump's plan to spend big will have as much oomph for the economy.
Trump has discussed investment proposals, which include roads, bridges, and airports, ranging from more than $500 billion—double what Democratic opponent Hillary Clinton sought—to $1 trillion over a decade. He said in his victory speech early Wednesday that he aims to make America's infrastructure "second to none" while putting millions of people to work and doubling economic growth.
The timing is ripe: The average age of the nation's fixed assets in 2015 was 22.8 years, the oldest in data back to 1925.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
