Economy

Existing home sales fell 3.6% to a seasonally adjusted 5.57 million-unit rate in December from a revised 5.78 million sales pace the previous month, first reported as 5.81 million, the National Association of Realtors announced Wednesday.

Gov. Charlie Baker's group will examine changes in technology, climate and demographics.

City officials intend to fight language that they say would put the city on the hook for emergency repairs by the state-run MTA.

Gov. Ricardo Rosselló's plan to find private investors for Puerto Rico's power utility faces opposition from local leaders and may prove to be a tough sell to potential investors.

Phil Murphy's audit mandate is described as the first step to restore the beleaguered mass transit agency’s finances and infrastructure.

The authority realized $534 million in present-value savings from those transactions in 2017, said finance director Patrick McCoy.

Manufacturing growth in the central Atlantic region was “slower” in January, according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond, as the manufacturing index declined to 14 from 20.

The Regional Transportation Authority of Northeastern Illinois has begun laying the groundwork for a campaign to raise more public money.

Many state lawmakers say Washington needs more mental health facilities to unclog backups for psychiatric services.

Under a new approach to keep up with an aging road system, New Mexico voters could get the opportunity this fall to decide whether to use state bonds to pay for highway projects.

Increased use of battery storage may further disrupt a public power industry already in transition, experts told municipal bond professionals.

A state official cited the need to have special tax obligation bonds rated "on the bonds' own merits," distinct from the state's GOs.

The pace of housing starts posted an 8.2% decline to a 1.192 million seasonally adjusted annual rate in December.

California's transportation secretary, Brian Kelly, will assume the helm at California High-Speed Rail Authority.

Builders’ confidence in the market for new single-family homes slipped as the National Association of Home Builders' housing market index fell to 72.

The Empire State Manufacturing Survey showed "business activity continued to grow at a solid clip in New York State."

Gov. Jerry Brown's $190.1 billion spending plan emphasizes stockpiling reserves, but fellow Democrats in the legislature want more spending.

Gov. Dannel Malloy urged lawmakers to replenish the Special Transportation Fund.

Gov. Henry McMaster called the state-owned utility a "failing asset" while calling for tax cuts in his first budget proposal.

Revel, the failed $2.4 billion casino in Atlantic City, New Jersey, built as a high-end playground for Wall Street bankers, sold for $200 million to a Colorado developer who plans to reopen it under the name Ocean Resort Casino.