Politics

Ohio legislators are mulling a bill that would bar the state's pension systems, universities and Bureau of Workers' Compensation from pursuing ESG investing.

The Federal Reserve chairman has two years left in his term, which he will serve regardless of who occupies the White House. Powell's term on the Fed Board of Governors expires in 2028.

While the market awaits the initial FDTA proposal, some wonder if the rulemaking will be affected by the upcoming presidential election and the U.S. Supreme Court's Chevron decision.

Birmingham, Alabama-based FNBB Capital Markets has been fined by the regulator for failing to include certain mark-ups and mark-downs on dealer confirmations sent to retail customers.

Infrastructure projects and plans for a new transit police department topped the agenda at the agency's State of the Agency event.

Without legislation, the Supreme Court's Chevron ruling makes it "less likely" the U.S. will meet its stated climate goals, said Moody's Investors Service.

The Public Finance Authority, a Wisconsin-based conduit issuer, approved the municipal bond sale for the roads operated by Spanish firm Abertis in a P3.

The Grants Pass decision was viewed as the most consequential for local governments of the U.S. Supreme Court's recent session.

Officials in East St. Louis, Illinois, sued the local police and firefighter pension boards and the state comptroller to block the use of an intercept law.

FEMA's rule is among the first adopted by a federal agency that will require federally funded projects to be sited and designed with future climate impacts in mind, according to the Natural Resources Defense Council.

Unfunded public pension liabilities have dropped more than 60%, or $3 trillion, from the peak in 2020, according to a new Moody's Ratings report.

The question of how much federal money Congress will provide for the replacement of the Key Bridge goes before the Senate Environmental Committee.

State and local government subsidies for sports stadiums reached an almost 20-year high in 2023, but the ballooning industry could cause adverse financial and economic effects, Moody's warns.

Every state in the Midwest has clean water and drinking water financing programs. Those financing mechanisms may face greater strain in the years ahead.

GOP House bills feature spending cuts and some policy riders, including a provision in the Transportation and Housing draft bill that bans congestion pricing in New York.

The plan would raise about $100 million a year to create and preserve affordable housing.

The Fed chief said "more good data" is needed before interest rate targets are lowered.

S&P Global Ratings revised the outlook on the city's AA rating to negative from stable, citing increased debt and costs from a settlement with firefighters.

A half-billion dollars in grants are to be split by a dozen of the nearly 500 applicants for the tech hub program and 31 semifinalists.

In a year characterized by a rise in mega deals, the agency looks to address an advancing financial "cliff."