Kyle Glazier

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.

The Municipal Securities Rulemaking Board announced Wednesday that former board member Milroy A. Alexander has rejoined the group as a public representative through Sept. 30 due to some shuffling in the wake of board member Peter Taylor's resignation.

Construction spending dipped 1.7% to a seasonally adjusted estimated annual rate of $856.7 billion in March, the Commerce Department reported Wednesday.

Sen. Sheldon Whitehouse, D-R.I., has introduced legislation to authorize $500 million of federal grant money for nationally or regionally important surface transportation projects.

President Obama on Monday tapped Charlotte, N.C. Mayor Anthony Foxx to replace Ray LaHood as Secretary of Transportation.

The Securities and Exchange Commission has filed a lawsuit against Victorville, Calif., a city official, the Southern California Logistics Airport Authority, and underwriter Kinsell, Newcomb & DeDios, charging them with defrauding investors by inflating valuations of property in connection with a 2008 bond offering.

Arlington County, Va., will come to market Tuesday with about $190 million of triple-A rated debt. The county has a strong economic profile but faces some challenges from federal cutbacks.

Some Municipal Securities Rulemaking Board members are concerned about dealer financial advisory contracts with issuers that appear to disclaim away the dealers' legal and regulatory obligations, MSRB chair Jay Goldstone said Friday after the board's meeting at its headquarters in Alexandria. Va.

Real gross domestic product increased at an annual rate of 2.5% in the first quarter of 2013, according to the advance estimate released by the Commerce Department Friday.

The Financial Industry Regulatory Authority has updated its guidance for individual municipal bond investors by urging them to ask brokers questions about issuer disclosures and bond insurer ratings.

The federal government will need to make difficult and politically divisive choices to maintain highway funding in coming years, transportation experts told members of the House Budget Committee Wednesday.

New orders for manufactured durable goods fell $13.1 billion or 5.7% to $216.3 billion in March, the Commerce Department reported Wednesday.

The Securities and Exchange Commission's John Cross told attendees at a Bond Buyer Conference Monday that the Municipal Securities Rulemaking Board's G-17 guidance has helped craft the long-awaited municipal advisor rule.

Sales of new single-family houses rose 1.5% to a seasonally adjusted annual rate of 417,000 in March, the Commerce Department reported Tuesday.

The Virginia Supreme Court has reinstated Fluvanna County, Va.'s lawsuit against Davenport & Co. LLC, which seeks damages for state and federal security law violations the county claims the firm committed while serving as its financial advisor.

Existing home sales fell 0.6% to a seasonally adjusted 4.92 million-unit rate in March, following a revised 4.95 million rate in February, the National Association of Realtors announced Monday.