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Anxious Equipment Makers Await Trump Spending

March 17, 2017

By Andrew Tangel & Josh Zumbrun

(The Wall Street Journal) Optimism is giving way to impatience among makers of excavators and heavy machinery that hope their businesses will benefit from President Donald Trump's pledge to pump $1 trillion into infrastructure. Some machinery makers are concerned over whether Mr. Trump will invest the time needed to win congressional backing for large road, bridge and rail projects. The president's budget, released Thursday, contained scant details of how such a plan might unfold.

"There's frustration that the infrastructure priority seems to be sliding," said Glen Calder, co-owner of Calder Brothers Corp. a Taylors, S.C.-based maker of road pavers and graders. "It's one of the campaign staples on both sides, and therefore you would expect that there's a fair amount of agreement on what should and could and needs to be done."...

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