Michigan's new revenue and economic forecast add billions onto existing surplus projections but officials also warn of looming economic headwinds.

The temporary injunction halts all work on Pennsylvania's $2.2 billion Major Bridges program.

The Biden administration’s pick for Federal Reserve vice chair for supervision faced questions about climate change, digital assets and the central bank’s independence. But he did not meet the same resistance from Republicans as the White House’s first choice, Sarah Bloom Raskin, observers said.

While the report offers many positives for states, headwinds loom, according to investment management firm Conning.

Rising construction costs coupled with the Great Resignation means New Orleans is receiving fewer bids on its RFPs, Mayor LaToya Cantrell said.

Gov. Newsom doubled down on an $11.5 billion gas rebate plan opposed by fellow Democrats in his May budget revision.

The Michigan State University economist endured a grueling political fight over her nomination and secured a party-line vote in her favor on Tuesday night. 

Senate Democrats plan to hold votes to confirm Lisa Cook’s nomination to be a Federal Reserve governor on Tuesday, they announced Monday night.

A spending limit formula voters set in 1979, combined with surpluses in the tens of billions of dollars, put California lawmakers in a quandary.

Norman Mineta was a transformative force in transportation policy, capable of building bridges across the political aisle.

Senate Banking Committee Chairman Sherrod Brown said Wednesday that the Senate would wait to confirm President Biden’s Federal Reserve picks until the return of Democrats recovering from the coronavirus.

The new academic center housed at the University of Maryland is developing P3 industry standards and a peer exchange program for state infrastructure czars.

Nebraska is a pay-as-you-go state, which some say has stalled completion of its 600-mile expressway system.

Alex Wiggins, CEO of the New Orleans Regional Transit Authority, said it will be looking at a combination of bond authority and public-private partnerships to help pay for transportation infrastructure projects.

Having completed its first flood management P3, the Army Corps is embarking on a pair of P3 financings to restore urban ecosystems.

The White House says the president will nominate Michael Barr, a Treasury Department veteran and one of the architects of the Dodd-Frank Act, as the central bank's vice chair for supervision.

New York’s $220 billion fiscal 2023 budget focuses on environmental and social issues while staying in balance with federal aid and projection-beating revenue.

Using a surplus to build reserve levels was key for the outlook change, the rating agency said.

After dropping dramatically with the onset of the COVID-19 pandemic in 2020, energy severance tax revenue is soaring along with oil and gas prices.

Legislative backers of the fiscal 2023 budget approved over the weekend with Gov. J.B. Pritzker's blessing believe it will draw more positive rating actions.