Budget Deal: Billions Slashed from Federal Construction Accounts
The U.S. Senate narrowly passed a $1.1 trillion spending plan to keep the government operating through September, which is the end of the fiscal year. The vote came two days after the House approved the measure. The proposed budget brings tough news for construction jobs and employment. The Associated General Contractors says the spending plan appropriates $106 billion for federal construction accounts—a $5 billion cut compared to 2014 levels. Wayne Grayson, online editor of Equipment World, notes the bill slashes military construction deepest, decreasing funding in 2015 by $3 billion, or 40 percent, according to the AGC analysis.
