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Infrastructure Stocks Tumble On Report Trump May Delay Infrastructure Bill Until 2018

Thursday, February 23, 2017 14:36
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(Before It's News)

zerohedge.com / by Tyler Durden / Feb 23, 2017 11:50 AM

Construction, engineering and materials stocks are underperforming the market on sudden concerns that in addition to tax reform and Obamacare repeal, another core aspect of Trump’s fiscal stimulus, Infrastructure spending, may be delayed by at least two years.

As Height Securities wrote in a note “Time for Plan B?” this morning, while no decisions have been made, Axios reports that the Trump is considering pushing off its call for Congress to pass an infrastructure bill until 2018, given the full slate of other top-tier items on Congress’s plate this year including healthcare and tax reform, Supreme Court fight, and potential debt ceiling / government shutdown battles.

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The post Infrastructure Stocks Tumble On Report Trump May Delay Infrastructure Bill Until 2018 appeared first on Silver For The People.



Source: http://silveristhenew.com/2017/02/23/infrastructure-stocks-tumble-on-report-trump-may-delay-infrastructure-bill-until-2018/

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