Inflation Strains Value of Biden's Signature Infrastructure Law
The government can buy fewer roads, bridges, and tunnels today than it could seven months ago when President Joe Biden signed the $1 trillion infrastructure law.
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The government can buy fewer roads, bridges, and tunnels today than it could seven months ago when President Joe Biden signed the $1 trillion infrastructure law.
Cost increases are forcing officials to postpone projects and scale back others.
Inflation is taking a toll on infrastructure projects across the U.S., driving up costs so much that state and local officials are postponing projects, scaling back others and reprioritizing their needs.
Experts said the money allocated for infrastructure building is "essentially evaporating" due to pain from inflation.
WASHINGTON -- The price of a foot of water pipe in Tucson, Arizona: up 19%. The cost of a ton of asphalt in a small Massachusetts town: up 37%. The