Infrastructure Alert - March 13, 2013

Sequestration began on March 1, and federal agencies are still in the process of sending out furlough notifications and determining specific program cuts. The continuing resolution authorizing current federal spending will expire March 27, and without legislation, a government shutdown would occur on March 31. The House of Representatives passed their version of a new continuing resolution providing for funding through the end of the fiscal year, and the Senate is expected to take up its version this week.

At a meeting of the President's Export Council, President Obama revealed that the White House budget proposal will include investments in waterway maintenance, emphasizing the importance of strengthening the national port and waterway infrastructure, especially in light of last year's major drought in the Mississippi River.