Kyle Glazier

WASHINGTON - Personal income rose $42.3 billion or 0.3% in July, the Commerce Department reported Thursday.

Veteran infrastructure finance banker Rohit Syal has joined Ullico Investment Advisors, Inc., as a director, the company announced Wednesday. He formerly worked at Loop Capital Markets, where he was involved in prominent infrastructure deals.

Reports from most of the twelve Federal Reserve Districts indicated that overall economic activity continued to experience moderate growth in July and early August, though the much of it is slow and certain sectors saw reverses, according to the Beige Book, released Wednesday.

A new projection produced by the Congressional Budget Office shows that both the highway trust fund and transit account, key sources of federal transportation funding, will run out of money in fiscal year 2015 under the recently enacted transportation law.

Australia-based infrastructure development giant Macquarie Capital will advise San Juan, P.R. in its quest to put together a light rail public-private partnership that has been estimated at $400 million, the city announced Monday.

Revenue forecasts are an inexact science, but they are a critical part of the rapidly-expanding network of toll roads. When market participants over-rely on them, the result can be a financial meltdown.

With the economy picking up at a slower-than-expected pace, the Federal Open Market Committee mulled changes to forward guidance and the possibility of a new large-scale asset purchase program, according to the minutes of its July 31 meeting, released Wednesday.

Existing home sales rose 2.3% in July to a seasonally adjusted 4.47 million-unit rate, after an unrevised 4.37 million rate in June, the National Association of Realtors announced Wednesday.

Four transportation projects will be expedited as part of the president's "We Can't Wait" program, the Obama Administration announced this week, including the $3.5 billion Columbia River Crossing linking Vancouver, Wash. and Portland, Ore.

The Metropolitan Washington Airports Authority has opened a public comment period giving Northern Virginia residents the chance to weigh in on the authority's hotly-debated Dulles Toll Road rate increase schedule.

Creditworthiness requirements and a new debt-subordination feature are likely to shield both taxpayers and private activity bond investors under the expanded Transportation Infrastructure Finance and Innovation Act program, according to a new white paper out from infrastructure firm HNTB.

WASHINGTON - Housing starts fell 1.1% to a seasonally adjusted annual rate of 746,000 in July from a revised estimate of 754,000 in June, originally reported as 760,000, the Commerce Department reported Thursday.

Several Maryland state legislators are pushing for a constitutional amendment allowing the state to put transportation packages and their related bonds on statewide ballots.

Industrial production rose 0.6% in July, while capacity use increased to 79.3%, the Federal Reserve reported Wednesday.

Business inventories rose 0.1% to $1,580.3 billion in June, while sales fell 1.1% to $1,229.7 billion, the Commerce Department reported Tuesday.

Retail sales rose 0.8% to $403.9 billion in July after declining a revised 0.7% in June, the Commerce Department reported Tuesday.

Federal and state officials are seeking to overhaul the leadership of the Metropolitan Washington Airports Authority amid pending legislation that would restructure the board of the bond-issuing authority.

The federal government ran a $69.6 billion budget deficit in July after posting an unrevised $59.7 billion deficit the previous month, the Treasury Department reported Friday.

Rep. Frank Wolf, R-Va., announced this week that he has introduced legislation that would hand control of the Metropolitan Washington Airports Authority to Virginia.

WASHINGTON - Sales of merchant wholesalers fell 1.4% to $402.9 billion in June after dropping a revised 1.1% in May, originally reported as a 0.8% decline, the Commerce Department reported Thursday.