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Public Works Erode As Debt Market Falters - ENR | McGraw-Hill Construction

Publication Date: 08-OCT-08
Author: Richard Korman, Debra Rubin, Steve Setzer, Tom Ichniowski, Gail Roberts, Peter Galuszka and Catherine Cash
Format: HTML

    
Description:
Public-works and institutional projects are succumbing to the same financial trouble that has laid waste to commercial building construction, thinning backlogs and throwing doubt on the newly adopted federal rescue before it has even had a chance to be carried out. In the newest federal intervention, the Federal Reserve on Oct. 7 announced it will buy commercial paper as a “liquidity backstop” to issuers. Anxiety flared everywhere over what could come next.
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