Does the Trump infrastructure bill create enough jobs?

In total, CNNMoney looks at how much various investments would cost the U.S. economy by 2035. We further estimate what each will mean for each U.S. region. Transportation Before the bill even passes, infrastructure…

Does the Trump infrastructure bill create enough jobs?

In total, CNNMoney looks at how much various investments would cost the U.S. economy by 2035. We further estimate what each will mean for each U.S. region.

Transportation

Before the bill even passes, infrastructure spending will need to be passed. The bill needs to pay for initiatives ranging from repair work to new highway projects.

Many funds, like the Port Authority’s Capital Fund, are already running dry. So, how many major projects can be funded with $1 trillion?

Congress is expected to leave town for its spring recess in mid-March, so by then it will be roughly halfway through the first quarter of fiscal year 2020, which runs from October 1, 2018, to September 30, 2019.

If new measures to extend these funds are not passed before then, we estimate that by October 1, there will be roughly $13 billion left in the Port Authority’s Capital Fund.

It also won’t help that the country’s outstanding debt continues to increase, meaning that new debt will need to be covered by any infrastructure funds.

Here’s how the world’s $1 trillion infrastructure bill might effect different parts of the country.

Leave a Comment