Finally, after months of political gamesmanship between progressives and moderates in the Democratic party, the House of Representatives on Nov. 5 passed H.R 3684, the Infrastructure Investment and Jobs Act, which President Joe Biden signed into law this Monday. The Senate passed the bill on Aug. 10, and moderate Democrats in the House had been […]
Industrial real estate contributes valuable jobs and services to the economy but is not always well understood by the local community. Concerns about traffic and adjacent land uses may also exist. In a session at NAIOP’s I.CON East in Jersey City, New Jersey, this week, a panel of experts discussed effective practices for engaging with […]
Anyone who has been following the ongoing saga of President Joe Biden’s domestic agenda in Congress is well aware of the deep divisions between the progressive and moderate wings of the Democratic party on key elements of that agenda. Progressive Democrats in the House of Representatives have been holding up a vote on the $1.2 […]
Even by Washington’s standards, the level of political theater surrounding President Joe Biden’s domestic agenda on infrastructure, climate and expansion of government social spending programs has been extraordinary. The same can be said about the ongoing debate over raising the nation’s debt ceiling, with even more serious implications for the global economy if Congress fails […]
Increasing tension with the progressive wing of his own party is causing headaches for President Joe Biden and his staff, complicating efforts to get portions of his domestic agenda through Congress. Of late, dissatisfaction with the Senate’s bipartisan infrastructure legislation among many Democrats in the House of Representatives, coupled with a failed effort to extend […]
Last week in Pittsburgh, President Joe Biden unveiled his long-awaited infrastructure proposal, an approximately $2.3 trillion initiative dubbed the American Jobs Plan. While infrastructure development is traditionally a bipartisan issue, the sheer scope of the plan and the Biden administration’s expansive definition of the term, plus the method adopted to pay for the effort, prompted immediate opposition from the Republican caucus in the Senate. This, and a […]
President Joe Biden is halfway on the path to achieving the first major legislative victory of his administration, with the House of Representatives last Saturday passing its version of his proposed $1.9 trillion COVID relief bill, the American Rescue Plan, by a 219-212 vote. The vote on the bill was a highly partisan affair, with […]
Despite the severe economic downturn of 2020, the U.S. construction industry grew. Direct expenditures for building and nonbuilding construction climbed $51.7 billion to reach $1.4 billion for the year. Total jobs supported by construction grew by 400,000. And construction’s percentage of total U.S. GDP rose from 19.5% in 2019 to 21% in 2020. In the […]
