Politics

The audit comes as Republicans seek to cut funding to Amtrak's funding in the northeast.

The city council unanimously passed a deal that could lead to the issuance of up to $900 million of bonds and a sales tax hike to pay off the debt.

Lawmakers on both sides of the aisle support some level of encouraging cities and states to revamp local zoning codes to encourage more affordable housing.

The board kicks off the new fiscal year with a new budget, a 2.9% increase from the prior year.

The California State School Board Association has sued over an education funding work-around included as a trailer bill in the budget.

Litigation in Arizona, Oklahoma, Texas, and Utah could determine bond issuance, culpability for defaults, or the constitutionality of underwriter bans.

Federal Reserve chair Jerome Powell flagged a recent upward revision to income and savings data as a sign of economic strength. He said the information could factor into the central bank's monetary policy discourse during the Fed's next interest rate meeting in November.

The President is considering calling a special session to deal with hurricane damage.

Advocates hope to use the data to persuade lawmakers of the usefulness of tax-exempt bonds as Congress tackles tax policy next year.

The MTA's biggest-ever capital plan focuses mostly on upkeep for the system. But it's more than $33 billion short of funding for the five-year program.