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Hot Topics: $1 Trillion for Roads, Gas Tax Hike, Tax Repatriation

CongressSeal-150Sen. Bernie Sanders (I-Vt.) said that he will introduce legislation to authorize a $1 trillion, multi-year program to rebuild crumbling roads and bridges and invest in other infrastructure modernization projects.

Read more: Hot Topics: $1 Trillion for Roads, Gas Tax Hike, Tax Repatriation

Construction Spending Up 2.4 Percent Year-Over-Year

The U.S. Census Bureau of the Department of Commerce announced that construction spending during November 2014 was estimated at a seasonally adjusted annual rate of $975.0 billion, 0.3 percent (±1.5 percent) below the revised October estimate of $977.7 billion. The November figure is 2.4 percent (±1.6 percent) above the November 2013 estimate of $952.5 billion.

Read more: Construction Spending Up 2.4 Percent Year-Over-Year