Washington

The Congressional Budget Office said Tuesday that federal agencies would lose $400 million each day during a shutdown.

Four hired as counsel and seven other staff members are bulking up the team's D.C. and New York offices. 

Nearly $29 billion of the $30 billion cap has been allocated, said Morteza Farajian, director of the Department of Transportation's Build America Bureau.

Pausing federal funding creates another hardship for municipalities who are also reeling from infrastructure grants being clawed back by the U.S. Department of Transportation.

Federal Reserve Vice Chair Philip Jefferson said despite the near term cloudiness to economic projections, he does expect inflation to resume its downward trajectory next year and reach the Fed's 2% inflation target in the coming years.

"I think, overwhelmingly, all of our market participants are wanting the same thing and that's really a thriving municipal market," Holiday said.

At The Bond Buyer's infrastructure conference, panelists speculate about the reliability of federal funds under the current administration.

Republicans established the fund to ease pressure on rural providers facing Medicaid and ACA insurance cuts.

Seven filings were submitted in response to President Donald Trump's request for the Supreme Court to remove barriers from ousting Federal Reserve Gov. Lisa Cook before litigation proceeds. Most filings argued for the Court to deny the president's application.

Serving on MSRB's Board of Directors over the past four years has been a privilege and an honor.