Economy

The FOMC voted to cut the target range 25 basis points to 1.75% to 2% as “uncertainties” offset prospects for “sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee's symmetric 2 percent objective.”

Attorneys for Indian River County, the Department of Transportation and Virgin Trains will appear before the U.S. Court of Appeals for the District of Columbia.

Jasiel Correia II, accused separately of shaking down marijuana vendors and defrauding investors, still finished a distant second in the Fall River race.

The Municipal Securities Rulemaking Board doubled professional fees for municipal advisors last week.

Questions from transit observers and advocates followed the announcement by the Metropolitan Transportation Authority of its $51.5 billion capital program.

Moody's Investors Service said the uptick in prepaid gas volume reflects a wider spread between tax-exempt and taxable yields.

Some of the solutions contemplated to bring the investor-owned utility out of bankruptcy involve tapping the municipal bond market.

Carolyn Pokorny, who helped prosecute "El Chapo" Guzman and other drug lords, is taking on waste and fraud as the New York transit agency's inspector general.

Veronique "Ronnie" Hakim, a top official at New York's Metropolitan Transportation Authority, is resigning as managing director by the end of February.

Moody's Investors Service dropped Fairfield Medical Center to Ba2 from Baa3.

The commission's $300 million sale for bridge work will be its first new money issue since 2010 as it struggles to fund its road and bridge network.

GDP will grow 0.9% in the fourth quarter and 1.2% in the first quarter of 2020 before rebounding, economists at BNP Paribas predict.

While blowing off steam about the entrenched, investor-owned utility is popular, executing such a major change would be complicated.

This is the second letter BDA has sent to the SEC in the last couple of months opposing any kind of relief for muni advisors involved in private placements.

LIPA plans to price $485 million of electric system general revenue bonds this week.

Fall River Mayor Jasiel Correia II pleaded not guilty in Boston to charges of extorting state-licensed marijuana vendors for six-figure bribery amounts.

The governor declared the $2.1 billion Mobile River project "dead” after it a local planning organization voted it down.

State and local governments are providing more transit funding than they have before, offsetting some of the ridership woes.

Budget pressure amid plans for capital investments drove a downgrade to a hospital affiliated with the Mount Sinai Health System.

Municipal utility MEAG is preparing to issue $725 million of bonds to finance a portion of its share of work at Plant Vogtle.