Naomi Jagoda

Congressional committee leaders have sent a letter to Attorney General Eric Holder expressing concerns that the proposed settlement agreement with US Airways and American Airlines might hurt less populated and rural areas.

Only a few states improved the funded status of their pension plans in fiscal 2012, Loop Capital Markets said in its 11th annual public pension funding report, released Thursday.

As congressional conferees struggle with negotiating a budget resolution, the nation’s governors want more certainty about the federal budget and the amount of funds states will receive as well as more flexibility in how to spend that money, National Governors Association officials said.

Existing home sales fell 3.2% to a seasonally adjusted 5.12 million-unit rate in October from an unrevised 5.29 million pace the previous month, the National Association of Realtors announced Wednesday.

Maryland Treasurer Nancy Kopp has been appointed to the board of trustees of the Financial Accounting Foundation, FAF announced Tuesday.

Counties are facing a "triple threat" of tax reform, entitlement reform and sequestration, National Association of Counties Executive Director Matthew Chase said at a briefing on Capitol Hill Tuesday.

Tax reform legislation is unlikely to move forward this year, but municipal bond market participants shouldn't think that the threat to the tax exemption for munis is gone, observers in the market said.

Legislation recently introduced in Congress would transfer nearly all authority over federal highway and transit programs to states and substantially reduce federal motor fuel taxes over a five-year period.

Industrial production fell 0.1% in October after a revised 0.7% gain the previous month, the Federal Reserve reported Friday.

Legislation introduced in the Senate Thursday would create a new financing authority that would provide loans and loan guarantees for infrastructure projects.

The federal government ran a $91.6 billion budget deficit in October, the Treasury Department reported Wednesday.

The group of motorists who lost their challenge to the Elizabeth River Tunnels public-private partnership in the Virginia Supreme Court are asking the court to rehear the case, as the commonwealth's governor-elect suggests he is interested in working to lower the planned toll rates for the tunnels.

Large U.S. cities continue to face fiscal challenges four years after the Great Recession officially ended, according to a report from the Pew Charitable Trusts.

Many states will likely be able to issue more tax-exempt private activity bonds next year with the increased per capita and minimum volume cap amounts the Internal Revenue Service has released for 2014.

The Internal Revenue Service has closed an audit of about $171 million of bonds issued by the East Baton Rouge, La. Sewerage Commission in 2006 without changing the bonds' tax-exempt status.

Natwar Gandhi, the District of Columbia's chief financial officer, says that while it's time to retire from his post, he would have liked to have explored the idea of a public-private partnership to fund the district's infrastructure needs and find a way to help the poor given the city's narrow tax base.

The 16-day federal government shutdown in October resulted in economic disruptions and budgetary costs to the federal government, according to a report from the Office of Management and Budget released Thursday afternoon.

Consumer credit increased by $13.7 billion, or 5.4%, in September to $3.052 trillion, the Federal Reserve reported Thursday.

The Internal Revenue Service has closed an audit of series 2005E and series 2007B hospital revenue bonds issued by the Highlands County, Fla. Health Facilities Authority with no change to the bonds’ tax-exempt status.

The Virginia Supreme Court issued a ruling Thursday that allows the Elizabeth River Tunnels project to move forward as a tolled facility.