Exclusive: US businesses warn crumbling infrastructure is hurting the economy

CNN By Matt Egan June 9, 2021


New York (CNN Business)As infrastructure negotiations between the White House and a GOP Senate group broke down this week, business executives are warning that aging infrastructure is holding America back.

Nearly two-thirds (63%) of middle market executives say the nation's ailing infrastructure is restricting growth of the national economy, according to a new RSM survey shared exclusively with CNN Business. The survey, conducted in partnership with the US Chamber of Commerce, also found that 60% of these executives say the state of infrastructure is hurting local economies as well. The findings come as President Joe Biden struggles to convince Republicans in Washington to support his $2 trillion American Jobs Plan that would aim to modernize roads, bridges and broadband and invest in clean energy.


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