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University of Oregon Economist Tim Duy says it's important that Congress and the President reach agreement on a long term budget plan, to help keep the economy from falling back into recession. “a long run fiscal consolidation matched with some type of short run of fiscal stimulus. I think that your best policy options on the fiscal side.”

 

The University's latest reading of economic indicators shows a slight decline, but that was due to the temporary labor slowdown at the Port of Portland.

 

Duy says when that's factored out, Oregon's economy is growing at the same pace it has over the last two decades.

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  • Click on the link for the latest conditions on the mountain passes.

 

  • North 3rd St >< Division and O.B. Riley Rd, single lane N-Bound (6/15-8/30)
  • South 3rd St >< Wilson and Reed Ln, single lane closures South Bound 5a-2p (8/30)
  • Construction at 27th Street . Northbound Lane Closed from Ferguson to Bear Creek.  Detour in place.
  • O.B. Riley Road South-bound lane closed south of Mervin Samples Rd (12/17)
  • Butler Market East-bound lane closed E of 4th St. for sewer construction. (12/17)