Economics
Trump’s Big Infrastructure Fix May Give Smaller Growth Lift
- Extra spending would give short-term boost to growth, jobs
- Economists concerned about risks for inflation and debt
Trump's Transition Begins With White House Meeting
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America’s infrastructure is the oldest on record and in desperate need of repair and new construction. What’s less obvious is whether President-elect Donald Trump’s plan to spend big will have as much oomph for the economy.
Trump has discussed investment proposals, which include roads, bridges and airports, ranging from more than $500 billion -- double what Democratic opponent Hillary Clinton sought -- to $1 trillion over a decade. He said in his victory speech early Wednesday that he aims to make America’s infrastructure “second to none” while putting millions of people to work and doubling economic growth.