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Seven days: 16 February 2018

Seven days: 16 February 2018

Trump the builder

The White House unveiled plans for $200bn in federal infrastructure spending over the next decade, to spur investment at state and local level, as well as from the private sector. Presented as part of Donald Trump’s 2019 budget to Congress, around $100bn of the funds will be used to match local and state investment, while the remainder will include spending on extending loan programmes and bonds. The president is hoping new spending will total $1.5 trillion. However, some have cast doubt on how realistic Mr Trump’s targets are, given However, some have cast doubt on how realistic Mr Trump’s targets are, given that most infrastructure spending already comes at state-level, which often has restrictive balanced budget rules.

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