Kyle Glazier

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.

Sales of new single-family houses dropped 0.3% to a seasonally adjusted annual rate of 368,000 in October, the Commerce Department reported Wednesday.

Rep. Bill Shuster appears to have secured his chairmanship of the House Transportation and Infrastructure Committee after receiving the blessing of current chairman John Mica.

New orders for manufactured durable goods remained virtually unchanged at $216.9 billion in October, the Commerce Department reported Tuesday.

The Virginia College Building Authority will sell nearly $400 million of highly-rated bonds in a competitive sale Wednesday, to what commonwealth officers expect will be high demand.

There is more new leadership at the American Association of State Highway and Transportation Officials, as the group voted this week to elect Rhode Island Transportation Director Michael Lewis as the association's president for the next year.