Kyle Glazier

The Maryland Capital Debt Affordability Committee approved Gov. Martin O'Malley's request for $150 million more bond authority despite the criticism of Comptroller Peter Franchot.

WASHINGTON - Construction spending fell 0.6% to a seasonally adjusted estimated annual rate of $837.1 billion in August, the sharpest decline since a 3% plummet in July 2011, the Commerce Department reported Monday.

The District of Columbia will sell $700 million of general obligation notes Oct. 11, part of a flurry of borrowing activity to close the calendar year.

Personal income rose $15 billion or 0.1% in August, while consumption grew 0.5%, the Commerce Department reported Friday.

The investment holdings of the 100 largest state and local public pension systems fell 1.5% from $2.76 trillion to $2.72 trillion in the second quarter of 2012, according to a U.S. Census Bureau survey released Thursday.

New orders for manufactured durable goods plummeted $30.1 billion or 13.2% to $198.5 billion in August, the Commerce Department reported Thursday.

Real gross domestic product increased at an annual rate of 1.3% in the second quarter of 2012, according to the final estimate released by the Commerce Department Thursday.

Moody's Investors Service may downgrade $10 billion of Garvee bonds, the ratings agency announced Tuesday, because of the increasing uncertainty of the federal revenue stream that backs them.

WASHINGTON - Sales of new single-family houses dipped 0.3% to a seasonally adjusted annual rate of 373,000 in August, the Commerce Department reported Wednesday.

An audit of the U.S. Department of Transportation's popular Transportation Investment Generating Economic Recovery grant program released revealed an inadequate framework for ensuring projects meet their goals, though the DOT said it has already taken steps to meet some of the IG's recommendations.

The district of Columbia's quarterly capital expenditures report showed that the district spent $689.3 million on capital projects in fiscal 2012, and debt financing was down about $62 million from the same point is fiscal 2011.

Airports will suffer from American Airlines impending layoffs of more than 4,000 employees, Moody's Investors Service said Monday.

Credit analysts aren't sure what the impact of the new generation if huge cargo ships will be on U.S. ports, but industry leaders and engineers are sounding the call for billions of dollars in additional investment in America's marine infrastructure.

The Virginia Housing Development Authority, among the highest-rated such agencies in the U.S., is set to price $175 million of taxable rental housing bonds on Tuesday.

Existing home sales rose 7.8% in August to a seasonally adjusted 4.82 million-unit rate, following an unrevised 4.47 million rate in July, the National Association of Realtors announced Wednesday.

WASHINGTON - The U.S. current account deficit fell to $117.4 billion in the second quarter of 2012, the Commerce Department reported Tuesday.

Transportation advocates are upset about the sequestration cuts. Although most dedicated funding sources for transportation infrastructure were protected from the mandatory spending reductions, highways and airports could both take a hit if Congress doesn't act.

WASHINGTON - The Empire State Manufacturing Survey showed that manufacturing in New York State “continued to weaken”, the Federal Reserve Bank of New York reported Monday as the general business conditions index dropped to negative 10.41 in September from negative 5.85 in August.

Business inventories advanced 0.8% to $1,592.0 billion in July, while sales jumped 0.9% to $1,240.6 billion, the Commerce Department reported Friday.

Retail sales jumped 0.9% to $406.7 billion in August after climbing a revised 0.6% in July, the Commerce Department reported Friday.