Dive summary:
- The American Institute of Architects did some calculations of what could happen if Congress cannot act to avoid mandatory budget-cutting due on Jan. 2, and the construction industry may be looking at a $2 billion whack of the budget ax.
- When AIA ran down the list, it found cuts looming for 48 budget accounts that fund design, construction and rehabilitation of federal buildings and other "vertical infrastructure."
- None of the numbers are in concrete, but the preliminary number "is a good estimate of what could happen,” according to Andrew Goldberg, who is AIA's managing director, government relations and outreach.
From the article:
Will Congress push the U.S. economy over the fiscal cliff? ...