Kyle Glazier

Lotteries are a key source of revenue for 44 states nationwide, but players' evolving tastes and record-low interest rates have contributed to put lotteries in a precarious position, according to the head of the industry's leading interest group.

President Obama's proposal for a Build-America-Bonds-like program for infrastructure has its roots in a proposal by the Los Angeles County Metropolitan Transportation Authority, and some infrastructure analysts say it represents a pro-business pivot from the White House.

A new Reason Foundation study analyzing road trends over the past two decades challenges claims of "crumbling infrastructure," which have been used by transportation advocates and policymakers as justification for everything from higher taxes to new or expanded bond programs.

Existing home sales rose 0.4% to a seasonally adjusted 4.92 million-unit rate in January, following a revised 4.90 million rate in December, the National Association of Realtors announced Thursday.

Though the U.S. fiscal position was looking up a bit since the December meeting, the Federal Open Market Committee became increasingly wary about the effects of new asset purchases, according to the minutes of the committee's Jan. 29-30 meeting, released Wednesday.

Housing starts fell 8.5% to a seasonally adjusted annual rate of 890,000 in January from a revised level of 973,000 the previous month, the Commerce Department reported Wednesday.

Moody's Investors Service has downgraded to B2 from Aaa the rating of $1.6 million of outstanding taxable multifamily housing revenue bonds issued by the Harrisonburg, Va., Redevelopment & Housing Authority in 2001.

Federal, state and local departments of transportation have so far obligated $7 billion in federal highway funds during fiscal year 2013, a 56% increase over the same period last year, according to a new report from the American Road & Transportation Builders Association.

Delaware will sell $340 million of triple-A rated general obligation tax-exempt debt in two transactions next week, pricing $115 million by negotiated deal and $225 million by competitive bidding.

Industrial production dipped 0.1% in January after rising a revised 0.4% the previous month, while capacity utilization ticked down to 79.1% from a revised 79.3%, the Federal Reserve reported Friday.

Several major airport credits could be negatively affected by operational shifts in the wake of the US Airways/American Airlines Merger, officially announced Thursday.

Public finance officials and infrastructure investors need to stop talking about "the deal" and start managing political risks with clear, easily understood language, participants at a U.S. Chamber of Commerce panel said Wednesday.

Transportation and business leaders on Wednesday discussed controversial solutions for funding American infrastructure, including Build America Bonds, gasoline tax increases, and wider use of tolling.

The federal government posted a $2.9 billion budget surplus in January after running a $260 million shortfall the previous month, the Treasury Department reported Tuesday.

Infrastructure finance experts and high-speed rail advocates are largely united in the belief that public-private partnerships are the way to finance ambitious bullet train plans, but the exact details continue to be elusive.

Baltimore Mayor Stephanie Rawlings-Blake on Monday announced the first of a series of fiscal reforms designed to head off a financial nightmare that a recent projection suggested could be heading the city's way.

A refunding surge triggered by low interest rates and soaring airport issuance contributed to the surge in transportation bond volume in 2012, experts said.

Former investment banker and New York City official Mark Kim is the new chief financial officer at the District of Columbia Water and Sewer Authority, DC Water announced at its board meeting Feb. 7.

Sales of merchant wholesalers rose remained virtually unchanged at $418.9 billion in December, as inventories dipped 0.1%, the Commerce Department reported Friday.

The U.S. international trade deficit was $38.5 billion in December, a 20.7% decrease from the revised $48.6 billion deficit in November, originally reported as $48.7 billion, the Commerce Department reported Friday.