Washington

Tennessee officials hope to avoid a $60 million cut in federal road funding over state's new under-21 DUI law.

In an historic action, the Municipal Securities Rulemaking Board has filed a markup disclosure proposal with the Securities and Exchange Commission that it said will likely lower transaction costs for retail investors, enable them to better understand dealers' pricing practices, and improve investor confidence in the municipal market.

The Securities and Exchange Commission is asking a federal judge to allow it to submit an amended complaint that includes much more detailed charges against banker Peter Cannava in connection with an ill-fated private placement for startup video game company 38 Studios.

Gambling is not a reliable and sustainable source of revenue for states or a solution to their budgetary problems, according to a recent report from the Rockefeller Institute of Government.

Minnesota highway officials say road conditions will worsen without solution to growing revenue gap.

Congressional critic of California's $9 billion of state bonds for high-speed rail wants to repurpose the funding.

Significant cost overruns on an earlier light-rail program may affect November vote on Seattle’s $54 billion transit proposal.

More infrastructure spending at all levels of government would be best fix for California's congested, deficient roads, TRIP says.

A district court lawsuit challenging the legality of the District of Columbia’s Local Budget Autonomy Act and D.C.’s push for budget autonomy was reassigned to a new judge last month.

Municipal issuers are blasting the National Federation of Municipal Analysts' suggestion that Congress give the Securities and Exchange Commission new authority to regulate issuers' disclosures, calling it overly burdensome and ineffective.