Washington

Ruben James Rojas agreed to admit wrongdoing and pay a $50,000 fine after the Securities and Exchange Commission found that he misled bond investors in connection with a $100 million offering.

A Federal appellate court has issued two opinions in the cases of Ohio and Kentucky and Tennessee, and in the latter, agreed the offset provision is unconstitutional.

Incoming Gov. Wes Moore's political support for Hogan's signature project is uncertain.

A combination of federal funding and rising tax collections has filled the coffers.

Puerto Rico Gov. Pedro Pierluisi told lawmakers he would not support a PREPA debt settlement that would cause "extraordinary increases in the cost of electricity."

Major cities are generally doing well despite economic volatility.

The Municipal Securities Rulemaking Board has filed to extend G-27 relief to give dealers an extra six-month window for remote inspections

Some projects that were budgeted and started at the beginning of the inflation spiral are now in jeopardy.

North Carolina Republican Patrick McHenry — who's in line to lead the House Financial Services Committee after the GOP won control of the chamber in the midterm elections — has called for the Fed to stay focused on controlling inflation. Democrats, who retained the Senate, have begun to voice concerns that higher borrowing costs will hurt jobs and potentially cause a recession.

Federal Reserve Bank of St. Louis President James Bullard urged policymakers to raise interest rates further, saying the level will need to be higher to meet the central bank's goal to be "sufficiently restrictive" to bring down inflation.