WASHINGTON — President Obama wants to freeze non-military discretionary spending for three years to save $250 billion over the next decade, but market participants in states, transportation, and other infrastructure sectors are not panicking yet.

The White House this week announced a plan to curtail non-military discretionary spending — about 17% of the federal budget — that could affect housing, transportation, energy, and health care, among other things. However, some of the president’s high-priority areas, including high-speed rail and other infrastructure projects, could actually benefit, sources said.

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