economics

The High Cost of Underinvesting in Infrastructure: $9 a day

Today’s release of the American Society of Civil Engineers’ Failure to Act: Closing the Investment Gap for America’s Economic Future reveals that inadequate infrastructure is costing every American family $3,400 a year in disposable income. The economic study, an update to the initial series ASCE released prior to the 2013 Report Card, identifies the......

Read Story

Infrastructure This Week

The government shutdown continues to loom over our nation’s infrastructure, causing uncertainty, hurting key services, and further showing the costs of Congressional intransigence. Much like the government itself, our infrastructure has to get out of the short-term mindset, and start planning for long-term growth. Only then will we find success. ......

Read Story

ASCE President: Our nation’s infrastructure depends on public and private investment to thrive

On August 5, 2013, the Wall Street Journal ran an op-ed that argued against the merits of public investment in infrastructure. The following is a response from ASCE President Greg DiLoreto: Our nation’s infrastructure depends on public and private investment to thrive Larry Schweikart and Burton Folsom’s editorial (Obama’s False History of Public Investment, Aug.......

Read Story

Obama Proposes Plan for Infrastructure Funding

President Obama today gave another in his series of economic speeches at an Amazon distribution center in Tennessee to propose a cut in corporate tax rates in return for a commitment from Republicans to invest more in programs spurring middle-class jobs.  As stewards of our nation’s infrastructure, the ASCE is encouraged by President Obama’s proposal to direct......

Read Story

Can-Do States Who Tackle Infrastructure Are Just What the U.S. Economy Needs

Sometimes you just have to do it yourself. That’s the message some states seem to be sending as federal infrastructure bills like the Water Resources Development Act keep getting sidelined by Congress or only seeing short-term efforts like the MAP-21 Transportation Reauthorization. The Metropolitan Policy Program at Brookings has called these states that have decidedly......

Read Story

The Panama Canal Expansion and Commerce

The Senate Commerce, Science, and Transportation Committee held a hearing this afternoon on the expansion of the Panama Canal and the effects that the expansion will have on freight movement in the United States. The issue is one that ASCE has been discussing in depth over the past few months, because the economic impacts could......

Read Story

Sections and Branches Lead the Way on the 2013 Report Card

This March, ASCE released the 2013 Report Card for America’s Infrastructure in a brand new format as a tablet and smart phone app during the annual Congressional Fly-In. ASCE members from all 50 states participated in taking the infrastructure message to Capitol Hill and shared the Report Card with their Members of Congress. Members have......

Read Story