Paula Dwyer , Columnist

How a Trump Infrastructure Bank Could Soak Taxpayers

The public puts up the money. Favored interests could reap the returns.

November 23, 2016 at 2:00 PM UTC

Paula Dwyer is a senior editor with the New York editing hub, focusing on daily and long-form enterprise. She was London bureau chief for Businessweek and Washington economics editor for the New York Times, and is a co-author of “Take on the Street: How to Fight for Your Financial Future.

No barriers.
Photographer: Jonathan Alcorn/Bloomberg

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Politicians have fretted over, debated and vowed to fix America's crumbling infrastructure. For four decades.

Donald Trump, in his election-night victory speech, is the latest to pledge to give the nation a facelift, using American-made steel and employing American workers. "We're going to fix our inner cities and rebuild our highways, bridges, tunnels, airports, schools, hospitals," he said. Construction stocks zoomed on the news.