Economy

At a feisty board meeting, officials rolled out draconian scenarios of service cuts and fare and toll hikes should Washington help not materialize.

Federal Reserve Chair Jerome Powell announced a new approach to monetary policy Thursday that takes a more relaxed stance on inflation and on its view of how low U.S. unemployment can go.

The Puerto Rico Electric Power Authority would save around $600 million by using alternative energy, according to a regulatory proposal.

The big gain suggests the manufacturing sector will be a positive for economic growth in the near term.

Consumer confidence sputtered even as new home sales surged, highlighting an uneven economic recovery.

The minority and woman-owned Siebert Williams Shank bolsters its Texas business profile with the hiring of Austin school district chief financial officer Nicole Conley.

The CTA heads into the market with an amended budget and warnings about the coronavirus pandemic's impact on its budget without a new infusion of federal aid.

Recent inflation data suggests an expected pickup in inflation, but economists see a different picture.

With continued economic instability as a result of the coronavirus, how will the US manage the uncertainty that appears to have no end in sight.

Jobless claims grew, manufacturing expansion weakened and leading indicators grew less than last month.

Both domestic and international travel have been down sharply during the pandemic.

New residential construction figures surpassed generous expectations, with low mortgage rates fueling the gains, which could be a boon for economic growth.

The level of Washington aid is but one yardstick for the fiscal soundness of the city-owned system, says the watchdog Independent Budget Office.

Slow utility responses triggered legal action and calls for changes ranging from carrot-and-stick contracting agreements to a municipal takeover of Con Edison.

SIFMA said Friday it had filed suit in Federal court in Washington D.C. asking the court to vacate the SEC’s Temporary Conditional Exemption.

The fund has a target size of $250 million and will target minority- and women-owned business enterprises to maximize social impact.

Without giving a reason, Florida’s bond-funded passenger rail developer severed ties with Virgin and said the train system’s name will revert to Brightline.

They cited recent waves of COVID-19 in rural and farmland areas and the success of mass transit overseas at containing the spread.

Producer prices final demand exceeded expectations by two-times over, while small business optimism shrunk.

Nick Sifuentes, executive director of the Tri-State Transportation Campaign, discusses the unparalleled crisis mass transit systems face nationwide due to the coronavirus. Paul Burton and Andrew Coen host. (19 min)