Kyle Glazier

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.

Housing starts rose 3.6% to a seasonally adjusted annual rate of 894,000 in October from a revised estimate of 863,000 in September, the Commerce Department reported Tuesday.

The impact of the rapidly approaching fiscal cliff could devastate U.S. debt-financed infrastructure if Congress fails to find an alternative combination of cuts and revenue measures, Fitch Ratings said Monday.

Existing home sales rose 2.1% to a seasonally adjusted 4.79 million-unit rate in October, following a revised 4.69 million rate in September, the National Association of Realtors announced Monday.

Two Virginia groups representing local governments have joined the opposition to Gov. Bob McDonnell's and the state Department of Transportation's plan to toll Interstate 95.

A congressional panel grilled members of the Metropolitan Washington Airports Authority board Friday morning in a hearing called to examine a scathing report on the bond-issuing agency's ethical practices and policies.

Industrial production fell 0.4% in October, while capacity use slipped to 77.8%, the Federal Reserve reported Friday.

A federal loan program for water infrastructure projects is close to reality after getting a push from Sen. Barbara Boxer, D-Calif., at a Senate Environment and Public Works Committee hearing Thursday.

The board of the Metropolitan Washington Airports Authority voted Wednesday to increase rates on the Dulles Toll Road, calling it necessary to finance part of the mostly bond-funded and highly controversial Silver Line rail extension to Dulles International Airport.

With the economic situation continuing to generate mixed news, the Federal Open Market Committee agreed to hold the highly accommodative course steady for the immediate future but prepared for a new easing next year, according to the minutes of the committee's Oct. 23-24 meeting, released Wednesday.

The District of Columbia achieved its lowest 25-year interest rate ever, surpassing even rates seen with federally subsidized Build America Bonds, when it sold its income tax-secured revenue bonds this week, the Office of the Chief Financial Officer announced Tuesday.