Washington

The dollars mark the second of five years of increased state highway funding promised under the Infrastructure Investment and Jobs Act.

Illinois-based broker dealer Ronald Molo has been fined $815,104 in disgorgement and prejudgment interest and has been permanently enjoined from participating in the issuance, purchase, offer or sale of any security.

Joseph "Jodie" Smith takes the reins at the influential bond lawyer organization.

Federal Reserve Governor Lisa Cook said she supports the central bank's policy-tightening path.

If Republicans gain control of the influential House T&I committee, expect investigations into the rollout and spending of infrastructure dollars.

The Federal Reserve Bank of Atlanta president he would keep the tightening in place next year to reduce inflation that remains near a four-decade high.

The September Federal Open Market Committee meeting may provide a turning point in monetary policy. Brendan Murphy, head of global fixed income, North America, at Insight Investment will offer his thoughts about the meeting and what to expect going forward.

The Department of Transportation's initiative will allow transit and transit-oriented development to cover 49% of project costs with a TIFIA loan.

Should the proposal go forward, the board should provide analysis and evidence as to how such a requirement would benefit the market, dealers said.

The Municipal Securities Rulemaking Board's intends to spend $45.5 million over the course of FY2023.