States halt infrastructure projects amid credit crisis, funding woes
Budget and credit problems are forcing at least half a dozen states to halt road, bridge and other construction projects. In California, officials have suspended almost $4 billion in public works projects. Leaders hope President-elect Barack Obama's economic-stimulus plan will include funding for infrastructure. More than 40 states have seen revenues fall, creating massive crunches.
New York Times, The | 12/22
This story published in AGC SmartBrief on 12/29/2008
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