The American Society of Civil Engineers gave the United States a C– in its latest infrastructure report card. President Biden has proposed $2 trillion in new infrastructure spending. A compromise between the president and Senate Republicans would provide about half that, though congressional Democrats are pushing for more. No matter what happens in Washington, infrastructure challenges will endure, and the need will grow. That may create opportunities for such infrastructure stocks as electric utilities, builders of roads and bridges, and owners of railroads and cellular towers.

Source: New York Times July 09, 2021 12:56 UTC