Washington

The bill is expected to pass this week in a move that would open the flood gates for banks and financial institutions to involve themselves legally in the banking of cannabis profits.

Federal Reserve Bank of Chicago President Austan Goolsbee said it's possible for the U.S. to avoid a recession even as the central bank raises interest rates.

The MAMBA Act would modernize IRS rules affecting private activity bonds.

State and local governments showing strength in a time of financial uncertainty

The Bipartisan Infrastructure Law gives the country "the best start we've ever had," in setting up a national bullet train network, Transportation Secretary Pete Buttigieg told a House panel Wednesday.

As was expected, the FOMC held rates in a range between 5.25% and 5.50%, but the dot plot in the Summary of Economic Projections showed 12 of 19 members expect another 25-basis-point rate hike this year.

The website now shows Bloomberg's yield curve with hourly updates between 9 a.m. and 4 p.m. The move changes EMMA's usual practice of displaying yield curve data from the day before.

Fund flows "should be moving along a more positive trajectory, but they have yet to do so with munis unable to break free of the Treasury market's tight grip," Oppenheimer's Jeff Lipton said.

As the Disaster Relief Fund runs dry, FEMA asks Congress for appropriation renewal.

Jena Watson, who has nearly 30 years of experience, moved over from HomeBank.