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The new system would hold a commanding presence in Illinois, Michigan and Wisconsin with $17 billion of revenues and 100,000 employees.

Jerome Powell agreed with senators who said the slow pace of economic growth following the Great Recession was partly due to spending cuts made by state and local governments.

Board says it has prevailed in past legal struggles with the local government.

There is absolutely no good reason why, 10 years after Dodd-Frank was enacted, the MSRB has not rationalized its fee structure.

The Sunshine State plans to build a statewide network of electric vehicle charging stations to cut down on carbon dioxide emissions from gas-fueled cars.

Its $400 million GOs attracted investors, resulting in a record low interest cost of 2.31%, according to state Treasurer Shawn Wooden.

Federal Reserve Vice Chairman Richard Clarida said the economic damage wrought by the coronavirus pandemic may threaten the stability of long-term inflation expectations, a force economists believe is crucial to anchoring price pressures at their optimum level.

Municipals finished weaker on Tuesday amid Treasury weakness and equity strength.

The projected shortfall is $100 million higher than in late April, but a downgrade is unlikely, an analyst says.

Bondholders hope to negotiate a deal before July 15.