Washington

A third of states lost population in 2021, a trend that is likely to continue and one that will have significant impact on the way in which state finance officials operate in the years to come.

The nomination to the bistate agency comes as the long-stalled project could see its first infusion of federal funds.

Lawmakers and advocates of U.S. tax credits like tax-exempt debt aren't getting many answers from Treasury about an impending global tax regime that diminishes the value of the tax tools.

Mohamed El-Erian, a closely followed bond-market strategist, says the Federal Reserve has a trust problem with financial markets and the nation over inflation.

Investors pulled more from municipal bond mutual funds in the latest week, with Refinitiv Lipper reporting $2.669 billion of outflows, though down from $2.875 billion of outflows in the previous week.

The development could potentially affect the tax-exempt status of bonds issued for the school, though it will likely be resolved before that happens.

Outflows continue with the Investment Company Institute reporting $5.371 billion pulled from muni bond mutual funds in the week ending April 27. Exchange-traded funds saw inflows at $1 billion.

The chances of an economic slowdown are rising as the Federal Reserve is poised to take further steps to tame inflation, say the heads of JPMorgan Chase, Bank of America and Morgan Stanley.

Norman Mineta was a transformative force in transportation policy, capable of building bridges across the political aisle.

The municipal market was marked by some skittishness among investors on Tuesday as a new month gets underway.