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From the category archives: Economics

ABC’s Chief Economist Delivers Mid-Year Forecast in Construction Executive Webinar

On June 10, ABC’s Construction Executive magazine held a webinar featuring ABC chief economist Anirban Basu that focused on how the COVID-19 pandemic has rocked a nearly invincible economy, wreaking havoc on the construction industry, and how the current recession might dovetail into prospective growth in the future.

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ABC Welcomes Executive Order That Expedites Infrastructure Investments

On June 4, President Trump signed executive order 13927, which directs federal agencies to expedite the delivery of transportation infrastructure projects, an action ABC said will streamline permitting and facilitate infrastructure improvements while protecting the environment, health and safety.

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ABC Urges Congress to Enact Liability Relief Legislation Related to the COVID-19 Pandemic

On May 27, ABC joined more than 200 organizations calling on Congress to quickly enact temporary and targeted liability relief legislation related to the COVID-19 pandemic in an effort spearheaded by the U.S. Chamber of Commerce.

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Register for Construction Executive's Free Mid-Year Economic Outlook Webinar

All Construction Executive readers are invited to register for an exclusive Mid-Year Economic Outlook webinar featuring Anirban Basu, the chief economist to Associated Builders and Contractors. Basu, known for his entertaining delivery and sharp assessments of the economic state of the industry, will provide a candid assessment of the market impact of COVID-19 crisis on the construction sector for the rest of 2020.

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ABC Calls for Open Competition and an All-of-the-Above Workforce Development Strategy in Senate Water Infrastructure Draft Bills

On May 1, ABC sent a letter to the U.S. Senate Committee on Environment and Public Works advocating for improvements to draft legislation that is being considered by the committee, the America’s Water Infrastructure Act of 2020 and the Drinking Water Infrastructure Act of 2020.

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ABC Helps to Author Strategy for Safe, Strong Recovery as Part of Great American Economic Revival Industry Groups

On April 14, President Donald Trump announced that ABC President and CEO Mike Bellaman was named to one of the Great American Economic Revival Industry Groups, which will work together with the White House towards the stated goal of “charting the path forward toward a future of unparalleled American prosperity.” 

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States Announce Regional Approach to Reopening Economies

On April 13, two multi-state coalitions announced the formation of separate task forces focused on reopening their state economies through regional partnerships.

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ABC Supports Extension and Expansion of PPP Loans

On April 14, ABC sent an action alert to ABC members asking them to call on their member of Congress to quickly authorize additional funding for the Paycheck Protection Program, which was created under the CARES Act to provide forgivable loans to small businesses. With nearly $350 billion in small business aid estimated to run out this week, ABC is asking Congress to pass a clean bill to increase funds for the PPP, which has been a priority for Majority Leader Mitch McConnell (R) and the White House.

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FMCSA Waiver Announcement for Commercial Learners Permit Holders

In response to the president’s national emergency declaration, the Federal Motor Carrier Safety Administration has announced a three-month waiver to prevent the possible shortage of commercial motor vehicle drivers and continue to allow intrastate and interstate commercial driver’s license (CDL) and commercial learners permit (CLP) holders to transport critical goods and supplies to businesses and individuals affected by COVID-19.

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Deal Reached on Emergency Economic Relief for COVID-19 Virus

Today, Democrats and Republicans in the Senate arrived at a deal to provide approximately $2 trillion in federal funding and programs to address the ongoing health crisis. The legislation would send checks to many Americans under a certain income threshold, create a $350 billion loan program for small businesses and establish a $500 billion lending fund for industries, cities and states.

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