Trump administration

The revenue procedure implements a proposal in President Trump's infrastructure plan that will help facilitate public-private partnership arrangements.

Gribbin's resignation, which followed Gary Cohn's departure, means that the two major administration officials charged with developing and selling the president's infrastructure plan are gone.

Some of the oomph for multifamily housing bonds comes from additional federal funding for public housing agencies which are partners in these bond deals while the remainder comes from programmatic changes in the law.

The collapse of the pedestrian bridge in Florida and resulting focus on its federal funding shouldn't impact the TIGER program, transit officials said.

Transit officials from across the nation meeting here this week said the president's proposed budget cuts don't track with his rhetoric on infrastructure.

Democrats are frustrated that President Trump's infrastructure plan would require state and local governments to come up with the majority of funds for infrastructure projects.

The Trump plan proposes only a 20% federal share, leaving local governments to come up with 80% of their own money or in partnership with the state and private investors.

More than 64% of the funding under the TIGER program was awarded to rural projects – a record amount since the program started.

The $1 trillion infrastructure plan unveiled by Senate Democrats would be paid for by a rollback of some of the recently enacted Republican tax law provisions.

Transportation Secretary Elaine Chao confirmed a report that President Trump lobbied House Speaker Paul Ryan against putting any funding for the project in an omnibus spending bill.

The Trump administration and a bipartisan group of four senators weigh in on the states' ability to collect online sales taxes in friend-of-the-court briefs filed with the Supreme Court.

Rep. Bill Shuster says a federal gas tax hike is the only way to pay for an infrastructure bill and that Congress could vote on legislation after the November elections.

At least two economists have been interviewed for the position of Federal Reserve vice chair, last held by Stanley Fischer, who resigned earlier this year, according to reports.

President Donald Trump will nominate Jerome Powell again to serve as the chair of the Federal Reserve after the Senate adjourned Thursday without voting to confirm him, White House spokeswoman Natalie Strom said.

Marvin Goodfriend, a noted economist and former Richmond Fed official, was tapped to fill one of three vacancies on the Fed board.

President Donald Trump is seeking a qualified candidate and not necessarily a Ph.D. economist to serve as Federal Reserve chairman nominee Jerome Powell’s vice-chair.

Federal Reserve Chair Janet Yellen hasn’t yet decided whether she’ll stay at the central bank in a diminished role when her term as chair ends in February, Treasury Secretary Steven Mnuchin said.

President Donald Trump’s nominee to lead the U.S. Federal Reserve may have to wait until after Thanksgiving for his Senate confirmation hearing.

Randal K. Quarles was sworn in as a member of the Federal Reserve Board of Governors and as vice chair for supervision on Monday, the Fed said.

Many industry observers believe Federal Reserve Board Janet Yellen will retire from the central bank once her term as chair expires in February. But there are reasons she might stay.