Naomi Jagoda

Congress should permanently reinstate a Build America Bond program with a 28% subsidy rate to encourage state and local governments to invest in infrastructure projects, Brookings Institution recommended in a report this week.

Real gross domestic product increased at an annual rate of 2.5% in the second quarter of 2013, according to the second estimate released by the Commerce Department Thursday.

The Virginia Department of Transportation and the Elizabeth River tunnels' private partner are asking the Virginia Supreme Court to reverse a lower court's ruling that planned tolls for the project and provisions of the state's transportation P3 law are unconstitutional.

New orders for manufactured durable goods fell $17.8 billion or 7.3% to $226.6 billion in July, the Commerce Department reported Monday.

Sales of new single-family houses fell 13.4% to a seasonally adjusted annual rate of 394,000 in July, the Commerce Department reported Friday.

Maryland Governor Martin O'Malley has named a bipartisan group of 11 people to a new local and regional transportation funding task force.

Almost all Federal Open Market Committee members agreed that it was not yet appropriate to make a change in the Fed's asset purchase plans, according to the minutes of the FOMC's July meeting, released Wednesday.

Existing home sales rose 6.5% to a seasonally adjusted 5.39 million-unit rate in July from a revised 5.06 million pace the previous month, the National Association of Realtors announced Wednesday.

Moody's Investors Service has revised its outlook for the U.S. states sector to stable from negative, while the outlook for local governments remains negative.

The National Conference of State Legislatures is urging Congress to take action on several issues, including transporation funding, tax-exempt financing of water infrastructure, the federal deficit and online sales taxes.

Virginia finished its 2013 fiscal year with a $585 million budget surplus, Gov. Bob McDonnell announced

Housing starts increased 5.9% to a seasonally adjusted annual rate of 896,000 in July, the Commerce Department reported Friday.

Congress should establish a national infrastructure bank and offset the appropriation for it with revenue from a one-time repatriation tax holiday, the Brookings Institution urged in a report released Thursday.

Industrial production was unchanged July after increasing a revised 0.2% in June, originally reported as a 0.3% gain, the Federal Reserve reported Thursday.

The Federal Transit Administration on Wednesday published a policy guidance document about the evaluation criteria and rating process for transit projects seeking funding under the New Starts and Small Starts grant programs.

The District of Columbia will issue $99.43 million of tax-exempt revenue bonds for the National Law Enforcement Officers Memorial Fund to finance construction of a new museum.

Business inventories remained virtually unchanged at $1.66 trillion in June, while sales increased 0.2% to $1.29 trillion, the Commerce Department reported Tuesday.

Retail sales climbed 0.2% to $424.5 billion in July after rising a revised 0.6% in June, originally reported as a 0.4% increase, the Commerce Department said Tuesday.

The federal government ran a $97.6 billion deficit in July, the Treasury reported Monday.

WASHINGTON -- Sales of merchant wholesalers rose 0.4% to $425.9 billion in June, the Commerce Department reported Friday.