Infrastructure Bill Looks Doomed as Time Runs Out, Height Says
- A coronavirus surge and White House opposition present hazards
- Construction, industrial stocks could gain on passage
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Opposition from the White House and a surge of Covid-19 cases in primarily Republican states could create insurmountable odds for a $1.5 trillion infrastructure package from House Democrats, Height Securities said in a research report.
Failing to pass the bill would prove disappointing for industrial and construction companies, the likely beneficiaries of such a package.