Kyle Glazier

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.

Most of the Federal Open Market Committee participants now view 2015 as the most appropriate time for tightening, with 12 of 19 members choosing that year as the right time for policy firming in the Fed's latest summary of economic projections released Thursday.

The federal government ran a $190.5 billion budget deficit in August after posting an unrevised $69.6 billion deficit the previous month, the Treasury Department reported Thursday.

The Fed will buy $40 billion per month of mortgage-backed securities and extended the time frame for keeping the federal funds rate at exceptionally low rates to at least mid-2015, the Federal Open Market Committee said in a statement released Thursday following the FOMC's two-day meeting.

Fitch Ratings announced Wednesday that uncertainties in federal transportation funding led to downgrades of GARVEES. The agency also warned against further weakening possible along the current trajectory.

Sales of merchant wholesalers dipped 0.1% to $402.4 billion in July after falling an unrevised 1.4% in June, while inventories were up 0.7% to $485.2 billion, the Commerce Department reported Wednesday.