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Keystone Pipeline Bill Vetoed

President Barack Obama vetoed a bill approving the Keystone XL oil pipeline, leaving the long-debated project in limbo for another indefinite period.

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Bipartisan Group Demands Quick Action on Highway Bill

A majority of both Republicans and Democrats have signed a letter initiated by Reps. Reid Ribble, R-Wisc., Dan Lipinski, D-Ill., and Tom Reed, R-N.Y, to Speaker John Boehner, R-Ohio, and Minority Leader Nancy Pelosi, D-Calif., urging quick action to develop a long-term sustainable revenue source for maintaining the nation’s roads, highways and bridges. The letter, signed by 285 House members, calls on Congress to “move a responsibly paid-for, multiyear surface transportation bill that will support much needed economic growth throughout the nation.”

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Mixed Signals from Nonmetallic Minerals Index

The nonmetallic mineral products industry-leading index decreased 0.3 percent to 239.6 in January from a revised 240.3 in December and its six-month smoothed growth rate declined to 0.9 percent from a revised 2.1 percent in December.

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January Construction Climbs 9 Percent

The value of new construction starts climbed 9 percent in January to a seasonally adjusted annual rate of $621.0 billion, according to Dodge Data & Analytics. The increase for total construction was the result of an especially strong performance by the nonbuilding construction sector, which benefitted from the start of a massive liquefied natural gas terminal facility in Texas.

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January Construction Jobs Report Confirms Momentum

The U.S. construction industry added 39,000 jobs in January, including 12,700 net new nonresidential jobs, according to the Bureau of Labor Statistics (BLS) preliminary estimate released Feb. 6. December’s estimate was revised downward from 48,000 to 44,000 net new jobs. With revisions, nonresidential construction expanded by 21,200 jobs in December.

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