Kyle Glazier

The corridor between Washington, D.C. and Boston is ripe for public-private partnership rail development if the government gets behind it, according to testimony given before the House Committee on Transportation and Infrastructure Thursday.

The findings of the State Budget Crisis Task Force show that Virginia is in a stronger fiscal position than other large states, but still must begin making changes to close persistent funding shorfalls.

A lawsuit challenging the legality of the Dulles Rail project's toll-powered funding mechanism will have to head to yet another venue after the federal court weighing the case decided it did not have jurisdiction to rule on the matter.

Retail sales rose 0.3% to $412.4 billion in November after dropping an unrevised 0.3% in October, the Commerce Department reported Thursday.

The transportation infrastructure sector is expected to be stable across the board in 2013 despite fiscal cliff pressures and long-term funding concerns, according to Fitch Ratings.

A majority of the Federal Open Market Committee continues to view 2015 as the appropriate time to tighten monetary policy, and believes the country will be well on the road to recovery by then, according to the Fed's latest summary of economic projections released Wednesday.

The federal government ran a $172.1 billion budget deficit in November after running $119.9 billion in the red the previous month, the Treasury Department reported Wednesday.

The Fed will purchase longer-term treasuries at a rate of $45 billion per month at the conclusion of Operation Twist this month, the Federal Open Market Committee said in a statement released Wednesday following the FOMC's two-day meeting.

Pension funding bonds are more likely to hurt, rather than help, the credit of the state or local government issuing them, according to a report from Moody's Investors Service.

Sales of merchant wholesalers fell 1.2% to $408.5 billion in October after rising a revised 1.9% in September, originally stated as a 2% advance, the Commerce Department reported Tuesday.

The U.S. international trade deficit was $42.2 billion in October, a 4.9% increase from the revised $40.3 billion deficit in September, originally reported as $41.5 billion, the Commerce Department reported Tuesday.

Consumer credit climbed $14.2 billion, or 6.2%, in October to $2.753.5.2 trillion, the Federal Reserve reported Friday.

An agitated U.S. Secretary of Transportation reiterated the Obama administration's support for high-speed rail investment, and fought vigorously to defend the controversial and partly bond-funded $68 billion bullet train initiative in California.

U.S. Transportation Secretary Ray LaHood may be sticking around at least a bit longer, according to the newly minted chairman of next Congress' House Committee on Transportation and Infrastructure.

Transportation experts and lobbyists believe anointed House Committee on Transportation and Infrastructure Chairman Bill Shuster will make financing issue a bigger focus than the man he will replace.

WASHINGTON - Personal income remained virtually unchanged in October, the Commerce Department reported Friday.

Real gross domestic product, the output of goods and services produced by labor and property located in the U.S., increased at an annual rate of 2.7% in the third quarter of 2012, according to the preliminary estimate released by the Commerce Department Thursday.

President Obama should seek federally-subsidized infrastructure bonds, a national infrastructure bank, and standardization of state tolling authority to help accomplish his infrastructure investment goals, the Center for American Progress said in a new report.

Standard and Poor’s assigned a BBB-minus rating to a $300 million Transportation Infrastructure Finance and Innovation Act loan for the 95 Express Lanes in Virginia.

Economic activity expanded at a "measured pace" in recent weeks, though the effects of Hurricane Sandy and the looming fiscal cliff created some disruption and uncertainty, according to the Beige Book, released by the Federal Reserve Wednesday.