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Diminished Washington aid and a pending downturn require prudence, the city's comptroller said.

“We’re getting our ass kicked," the Gov. Dannel Malloy said, pitching a widening of the state's most congested highway.

Federal Reserve Board Chair Jerome Powell seemed to counteract his earlier statement, which suggested the chance for four rate hikes in 2018.

Rep. Bill Shuster says a federal gas tax hike is the only way to pay for an infrastructure bill and that Congress could vote on legislation after the November elections.

"We have to find new solutions," said Partnership for New York president Kathryn Wylde.

Federal Reserve Board Chairman Jerome Powell refused to comment on his views on the number of times the Federal Open Market Committee will raise rates this year, although he admitted his “outlook has strengthened since December.”

Federal Reserve Chairman Jerome Powell said the central bank can continue gradually raising interest rates as the outlook for growth remains strong, and the recent bout of financial volatility shouldn’t weigh on the U.S. economy.

Federal Reserve Governor Randal Quarles offered an optimistic view of the U.S. economy, suggesting it may be on the cusp of a sustained period of faster growth and reaffirming his support for “gradual” interest-rate increases.

Connecticut Treasurer Denise Nappier told lawmakers that Gov. Dannel Malloy's plan to push out payments would violate a bond covenant.

Monetary policy targeting a federal funds rate between 1.25% and 1.5% is appropriate, Federal Reserve Bank of St. Louis President James Bullard said Monday.

With the Federal Reserve’s monetary policy report sticking to the policies professed in its latest post-meeting statement, markets will look to the question and answer sessions Federal Reserve Board Chair Jerome Powell will face from Congress next week.

Federal Reserve Governor Randal Quarles delivered an upbeat assessment of the U.S. economy and endorsed a “gradual” path for raising interest rates in his first public speech on monetary policy since joining the central bank in October.

Inaction, significant new debt and failure to control labor costs and other cost drivers could pose major bondholder risks, says a Gurtin report.

New York City Council member Robert Cornegy Jr. called the city administration's management of public housing incompetent.

A key House committee chairman would block any attempts to expand PABs for public infrastructure projects.

Mayor Bill de Blasio’s $88.7 billion preliminary budget faces tougher scrutiny with Corey Johnson as City Council speaker.

Federal Reserve Chairman Jerome Powell said the U.S. central bank had made great progress in its pursuit of full employment and stable prices but was on the lookout for threats to the economy amid turmoil in financial markets.

Among the many programs proposed for elimination by the president's fiscal 2019 budget are Community Development Block Grants, the Low Income Home Energy Assistance Program, the Community Services Block Grant, HOME and the Housing Trust Fund.

Gross city product rose only 1.2% in the fourth quarter. according to the city's comptroller.

Still dusting themselves off from last year’s budget chaos, Gov. Dannel Malloy and Connecticut lawmakers reconvene to grasp a glaring transportation fund crisis.