Politics

The Federal Reserve looks to be paying closer attention to a potential pinch-point that rankled dollar funding markets almost three years ago and could at some stage become a catalyst for ending early officials' plans to shrink the U.S. central bank's expanded balance sheet.

U.S. central bankers offered divergent signals over the size of the next interest rate hike, with St. Louis's James Bullard urging another 75-basis-point move while Kansas City's Esther George struck a more cautious tone.

William Glasgall of the Volcker Alliance dives deep into factors affecting state and local budgets. He looks at what the Inflation Reduction Act means, how states are using stimulus money and economic effects of work from home. Caitlin Devitt hosts. (31 minutes)

Inflation and material shortages are accelerating the P3 trend of bringing in a private team before price is finalized, which could expose investors to cost-escalation risk.

S&P revised the state's outlook to positive in September, which gives it a one-in-three chance of a ratings boost over the two-year outlook period.

During her almost 14 years as Virginia state treasurer, Manju Ganeriwala oversaw the issuance of more than $33 billion of municipal bonds.

U.S. Sen. Elizabeth Warren rebuked Federal Reserve Chair Jerome Powell for withholding information on trading by central bank officials during the pandemic and said an investigation into the matter by the Fed's inspector general was "troubling."

The latest revenue numbers come ahead of a governor's race that rematches incumbent Brian Kemp against Democrat Stacey Abrams, whom he narrowly beat in 2018.

All states hit the Aug. 1 deadline to submit electric vehicle charging station plans to unlock the first piece of funding in the federal infrastructure package.

Republicans on the Senate Banking Committee are vowing to pursue legislation mandating more transparency from the Federal Reserve after learning the central bank had documents regarding former Fed nominee Sarah Bloom Raskin that the bank never divulged to Congress.

Sen. Pat Toomey is again demanding transparency by the Federal Reserve after learning the central bank withheld documents he and other Republicans sought related to former Fed nominee Sarah Bloom Raskin during her confirmation fight.

The future outlook now is much more fragile, the Citizens Budget Commission said.

Former Federal Reserve Vice Chair Richard Clarida will return to the bond giant Pacific Investment Management Co. as global economic advisor following his exit from the central bank in January and the conclusion of an internal Fed probe into his personal trading, which found that he hadn't broken any rules.

The report from Senate Homeland Security Committee ranking member Rob Portman, R-Ohio, details China's campaign to infiltrate the Federal Reserve. But even amid rising tensions between the U.S. and China, response to the report has been muted.

Monetary policy has a more significant impact on spending of U.S. households headed by white women than on those led by white men or Black men and women, the Federal Reserve Bank of San Francisco said.

Several states are holding sales tax holidays for school supplies and other items amid strong revenue collections, although critics say they will do little to ease the impact of high inflation.

Sens. Manchin and Schumer's long-elusive deal on a energy, climate and tax bill includes no muni-friendly items or SALT reform.

Keely Martin Bosler steps away from California fiscal policy after two decades of analyzing and helping to craft the state’s budgets.

A senior U.S. Republican lawmaker accused China of a broad campaign to obtain confidential information from the Federal Reserve, including recruiting central bank staffers and detaining a Fed employee visiting Shanghai.

At the Colorado DOT, Shailen Bhatt oversaw the $1.2 billion I-70 expansion, a public-private partnership that was the state's largest highway project to date.