One of the better-performing sectors of the economy, along with auto and housing, has been utilities/industrials. According to the Board of Governors of the Federal Reserve System, industrial production by utilities rose 10.5% year-over-year through Mar. 31. This is a trend that may persist for several years, as electric and gas utilities spend on projects to upgrade and improve the efficiency of their distribution systems.
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It is a well-known fact that the infrastructure (roads, bridges, utilities) in the US has been deteriorating for years. With the slowing economy and shrinking municipal budgets over the past 4 years in particular the situation has only gotten worse. Now the White House is getting ready to address the problem in the proposed 2013 budget.
Even if Republicans are able to trim out some of the infrastructure spending in more »