Kyle Glazier

Managed toll lanes carry greater credit risks than traditional toll roads because they are challenging to implement and subject to extreme traffic volatility, according to a new report from Moody's Investors Service.

Reps. Gwen Moore, D-Wis., and Steve Stivers, R-Ohio, have sent a letter to new Securities and Exchange Commission chairman Mary Jo White urging her to make sure that the SEC's final definition of municipal advisor reflects their bill, which is pending before the House Financial Services Committee.

Business inventories remained virtually unchanged at $1.64 trillion in March, while sales fell 1.1% to $1.27 trillion, the Commerce Department reported Monday.

Retail sales ticked up 0.1% to $419 billion in April after falling a revised 0.5% in March, originally reported as a 0.4% dip, the Commerce Department reported Monday.

A bipartisan team of House transportation leaders have introduced legislation to spend $13.8 billion over five years on water infrastructure through the State Revolving Fund.

The federal government posted a $112.9 billion budget surplus in April after running a $106.5 billion deficit in March, the Treasury Department reported Friday.

A new U.S. Conference of Mayors report shows that local governments have spent big on water and wastewater infrastructure, but worries that rising costs of water service and increased long-term debt might make increased investment unsustainable for some communities.

Sales of merchant wholesalers dropped 1.6% to $414.7 billion in March, while inventories gained 0.4%, the Commerce Department reported Thursday.

Wednesday marked the deadline for companies interested in developing a pair of major rail projects under Maryland's new public-private partnership law, and the private sector is jumping at the chance.

The National Federation of Municipal Analysts presented Excellence in Disclosure awards to four issuers at a dinner at its annual conference in San Diego May 2.

Consumer credit climbed $8 billion, or 3.4%, in March to $2.807.5 trillion, the Federal Reserve reported Tuesday.

The Municipal Securities Rulemaking Board's revised suitability rule should include dealer obligations to sophisticated municipal market professionals and suitability requirements for 529 college savings plans, according to comments received by the MSRB Monday.

The Municipal Securities Rulemaking Board's EMMA website will now display both the initial offering dollar price and yield for a bond, when available, the MSRB announced today.

The Securities and Exchange Commission announced Monday it has charged the City of Harrisburg, Pa., with securities fraud for making misleading public statements when its financial condition was deteriorating.

The U.S. Department of Housing and Urban development selected of a group of financial advisors, researchers, and consultants to provide technical assistance and advice to distressed municipalities.

New orders for manufactured goods dropped 4% in March, the Commerce Department reported Friday.

A Virginia Circuit Court judge has ruled that the financing mechanism of the Elizabeth River Crossings project in the southeastern part of the state is unconstitutional, calling into question the future of the multi-billion dollar public-private partnership and other Virginia P3s.

The U.S. international trade deficit was $38.8 billion in March, an 11% decrease from the revised $43.6 billion deficit in February, the Commerce Department reported Thursday.

The Municipal Securities Rulemaking Board is requesting comments on a proposal to consolidate current fair dealing rule guidance into two stand-alone rules defining sophisticated municipal market professionals and laying out dealer obligations to them.

The Fed will continue open-ended programs to purchase longer-term Treasuries at a rate of $45 billion per month and mortgage-backed securities at a $40 billion per month, the Federal Open Market Committee said in a statement released Wednesday following the FOMC's two-day meeting.