Kyle Glazier

The House Committee on Oversight and Government Reform has launched a probe of the California High Speed Rail Authority, asking its board members to preserve all records related to the nearly $4 billion in federal funds approved that, along with a proposed $2.7 billion bond issue, would finance the bullet train along the California coast.

Sales of merchant wholesalers were up 1.2% to $409.4 billion in February after remaining unchanged in January, while inventories rose 0.9%, the Commerce Department reported Tuesday.

A $300 million bond issue designed to keep tolls down on the controversial Dulles Toll Road may be in jeopardy as the Virginia General Assembly votes on a proposed budget that does not include the authorization for the debt.

Consumer credit increased by $8.7 billion, or 4.2%, in February to $2.521.8 trillion, the Federal Reserve reported Friday.

Non-farm payroll employment rose 120,000 in March and the unemployment rate dipped to 8.2%, the Labor Department reported Friday.

The Department of Transportation has received $10.2 billion in applications for the $500 million available through its latest round of TIGER funding, highlighting the pressing need for infrastructure investment, Transportation Secretary Ray LaHood announced Thursday.

WASHINGTON — Seasonally adjusted initial jobless claims fell 6,000 to 357,000 for the week ending March 31, the lowest level since April 19, 2008, when there were 352,000 such claims, the Labor Department reported Thursday.

Seasonally adjusted initial jobless claims fell to 357,000 for the week ending March 31, the lowest level since April 19, 2008, when there were 352,000 such claims, the Labor Department reported Thursday.

WASHINGTON — The Maryland Transportation Authority will price more than $260 million of tax-exempt bonds to refund 2002 bonds and to finance a passenger walkway and tunnel for the Baltimore-Washington International Thurgood Marshall Airport, according to bond documents released Tuesday.

Standard & Poor's issued its first public rating of a public-private partnership in the United States, a BBB-minus for a project to build a tunnel under the Elizabeth River between Norfolk, Va., and Portsmouth.

WASHINGTON — New orders for manufactured goods were up $6 billion, or 1.3%, to $468.4 billion in February, the Commerce Department reported Tuesday.

New orders for manufactured goods were up $6.0 billion or 1.3% to $468.4 billion in February, the Commerce Department reported Tuesday.

WASHINGTON — Construction spending was down 1.1% to a seasonally adjusted estimated annual rate of $808.9 billion in February, following a 0.8% decline in January, the Commerce Department reported Monday.

Construction spending was down 1.1% to a seasonally adjusted estimated annual rate of $808.9 billion in February, following a 0.8% decline in January, the Commerce Department reported Monday.

WASHINGTON — A coalition of state departments of transportation have banded together to urge the House Republican leadership to avoid including any language in a transportation bill that would remove "important optional financing tools" for some public-private partnerships.

Treasurer Manju Ganeriwala has helped helm Virginia's finances through two governors and a global recession, and though the commonwealth has emerged in better shape than many states, she remains concerned about pension reform and what she feels are misguided efforts at muni market regulation by federal authorities.

WASHINGTON — Personal income rose $28.2 billion, or 0.2%, in February, while consumption rose 0.8%, the Commerce Department reported Friday.

Personal income rose $28.2 billion or 0.2% in February, while consumption rose 0.8%, the Commerce Department reported Friday.

WASHINGTON — Congress approved a 90-day extension of federal highway funding Thursday, capping a week filled with wild legislative twists and turns that led House Republican leaders to pull shorter-term bills from the floor three days in a row when it was clear they wouldn't be approved.

WASHINGTON — Final real gross domestic product — the output of goods and services produced by labor and property in the United States — increased at an annual rate of 3.0% in the fourth quarter of 2011, the Commerce Department reported on Thursday.