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Obama Administration Will Be Kind to CAT

The new president has made a pledge to spend money on infrastructure across the United States because he believes it is a way to strengthen the economy. While the country is spending money to build/maintain roads and bridges, CAT will reap the benefits of increased demand for their equipment. The president-elect has proposed a so-called "infrastructure bank," aimed at investing $60 billion over 10 years. Estimates of what the United States needs are even higher, with the American Society of Civil Engineers estimating the need for $1.6 trillion over 5 years. In their opinion, this would only upgrade the country's infrastructure to "good." Regardless, there will be increased spending on infrastructure and, because of this, CAT will see increased demand in the U.S.

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