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The Federal Reserve will likely taper off its bond purchases before considering raising interest rates, Chairman Jerome Powell said.

The state says the Centers for Disease Control's anti-COVID-19 safety protocols for the cruise ship industry are illegally burdensome and exceed its authority.

High-yield inflows return to the tune of $821 million. The 10-year triple-A hovers just above 1%.

With 20 million vaccines administered and reduced infection rates, Gavin Newsom said it's time to begin looking at fully reopening the economy.

Business leaders and budget watchdogs ask whether the $212 billion spending plan would set up the state and its anchor city for a fall.

America simply cannot compete globally, especially with China, without an infrastructure-driven advanced manufacturing and inventive base.

Recent one-time funds from the American Rescue Plan Act and higher-than-projected revenues for many states are in many cases being put into infrastructure.

The current prohibition against tax-exempt advance refunding was used as a minor pay-for in the GOP’s Tax Cuts and Jobs Act that cut personal and corporate tax rates.

Lawmakers packaged revenue, social justice and market positioning while flexing political muscle when they voted to legalize marijuana.

Municipal bond provisions were not mentioned, but stakeholders expect those details to be hashed out in what is likely to be a protracted battle in Congress.

The bill comes days before the Biden administration will reveal its infrastructure plan. Sources have said municipal bond provisions are likely to be included in an infrastructure package.

ICI reported another week of inflows at $2.23 billion. U.S. Treasuries strengthened further as COVID-19 concerns linger with shutdowns in Germany and spreads elsewhere. Equities were mixed.

Federal Reserve Chairman Jerome Powell said prices would rise this year as the pandemic recedes and Americans are able to go out and spend, but he played down the risk that this would spur unwanted inflation.

States and local governments will soon get guidance on how they can spend $350 billion in funds from the last round of coronavirus relief.

The change represents a doubling of related investments, Mayor Bill de Blasio and Comptroller Scott Stringer announced.

The economy seems to be gathering steam, though it is still far from fully recovering from the damage wrought by the pandemic, Federal Reserve Chairman Jerome Powell said.

The funding also means the use of state-authorized lockbox funds from Internet sales and mansion taxes to prop up the operating budget is no longer necessary, which allows the agency to issue MTA bonds in 2021, to advance the 2020 to 2024 capital program.

The NYC comptroller will hold six webinars as part of the Minority- and Women-Owned Business Enterprises University series as Siebert Williams Shank's affiliated Clear Vision Impact Fund announced it has received $100 million in capital commitments from big business.

As the governor faces an impeachment inquiry, just how New York State government will function on budget and other matters is an open question.

The governor spotlighted his five-year infrastructure spending plan during the speech held amid the threat of a recall.