Washington

Voters in Virginia Beach, Va., are split almost evenly on a light rail proposal to appear on Tuesday's ballot that could generate up to $8.3 billion in real-estate development in the seacoast town.

Virginia will receive $1.65 billion from private partner that will finance and operate toll express lanes on I-66.

The record number of local transit elections next week reflects declining federal funding, experts say.

Researchers say mileage-based road fee is best solution to transportation funding but motorists disagree.

Transportation Department has $850 million of competitive grants available for infrastructure projects that improve freight shipments.

A New York audit firm and one of its senior partners have agreed to pay a combined $555,000 and take a number of corrective actions to settle Securities and Exchange Commission charges that they issued fraudulent audit reports in connection with municipal bond offerings from the town of Ramapo, N.Y.

The Municipal Securities Rulemaking Board plans to amend its proposal that would require dealers to disclose their markups and markdowns in principal trades with retail customers.

Underwriters should walk away from municipal securities transactions when they discover the issuer has failed to disclose key information, dealer officials said here, citing their own experiences as examples.

Washington voters will chose between Michael Waite, a private-sector investment manager, and Benton County Treasurer Duane Davidson, in a Republican v. Republican race for state treasurer.

A federal court judge has approved Miami's $1 million settlement with the Securities and Exchange Commission over charges the city acted fraudulently in taking steps to hide its deteriorating financial condition from bondholders.

The Treasury Department and Internal Revenue Service may rethink and re-propose controversial political subdivision rules, but will wait until next year to see what the next administration wants to do with them, a tax regulator told lawyers meeting in Chicago.

While the Securities and Exchange Commission remains silent on whether there will be more settlements under its continuing disclosure enforcement initiative, an SEC official said any party that voluntarily submitted potential violations will be told whether the commission plans to take action against them.

The Internal Revenue Service's Office of Tax-Exempt Bonds has told its auditors that, if an issuer redeems 100% of the outstanding principal amount of its tax-exempt or tax-credit bonds, the audit can be closed without further TEB action.

Virginia road planners will evaluate local requests for $9 billion of state funding.

The former head of the Internal Revenue Service's tax-exempt bond office says TEB is ignoring alleged violations on a financing for a Syracuse mall that benefited from breaks sought by Hillary Clinton.

Gloria Papiez will become acting director of the Washington State Department of Financial Institutions, the state's primary financial regulator, on Nov. 1.

Transit advocates see Baltimore's proposed Red Line as key part of multi-state rail link.

The Municipal Securities Rulemaking Board must now have at least one municipal advisor representative board member present to constitute a quorum under a rule change it filed with the Securities and Exchange Commission on Friday.

The Securities and Exchange Commission voted unanimously on Thursday to finalize new open-end fund liquidity requirements that market participants said would hurt the industry by damaging the funds' appetites for munis.

Two voter opinion polls differ on the likely outcome of Austin's $720 million mobility bond referendum.