The National Stone, Sand and Gravel Association has praised the new two-year budget deal passed by the US Congress last week.
The association said that the $55.3 billion deal isn’t perfect, but it does help the aggregates industry by avoiding a government shutdown and not defaulting on loans.
“The House approved a $55.3 billion transportation appropriations bill on June 9 to fund the Department of Transportation with an increase of $1.5 billion from previous year, but the Senate had yet to act until today,” the association’s senior vice president of government and regulatory affairs Pam Whitted said.
“The good news for the aggregates industry is that increased spending levels in the agreement make it possible for additional investments in transportation infrastructure.”
The bill raises the debt ceiling until March 2017 and sets a budget over the next two years while also easing spending caps with $80 billion for military and domestic programs.
The Senate passed the two-year budget deal last week after the House of Representatives passed the same bill earlier in the week. President Barack Obama is expected to sign the bill into law.