Washington

The House Finance Committee is making good on a promise to address housing affordability by advancing a bill that increases the public welfare investment cap to 20% from 15%.

Federal Reserve Gov. Christopher Waller said monetary policy must remain insulated from political pressure, arguing that communication with the White House should be limited. Waller is slated to meet with President Trump Wednesday afternoon.

Inflation reports may drive markets in 2026 since the labor market is "sending mixed messages," said Kevin O'Neil, associate portfolio manager and senior research analyst at Brandywine Global.

"We are excited to welcome these eight outstanding lawyers to our partnership," Bracewell Managing Partner Gregory M. Bopp said.

Democratic Sens. Chris Van Hollen from Maryland and John Fetterman from Pennsylvania are reintroducing a bill to aid the public transit sector, a funding reduction target under Trump's administration.

It is one of several P3-related recommendations the board made to Transportation Secretary Sean Duffy.

Federal Reserve Gov. Stephen Miran said higher goods prices could be the trade-off for bolstering national security and addressing geo-economic risks.

The Trump administration officially rolled out an Executive Order laying out federal policy on Artificial Intelligence which cements fears from states worried about the loss of broadband funding tied to the Bipartisan Infrastructure Law.

Kansas City Federal Reserve President Jeffrey Schmid and Chicago Fed President Austan Goolsbee said in statements Friday that their dissents from this week's interest rate decision were spurred by inflation concerns and a lack of sufficient economic data.

The final judgment in the case was filed Dec. 10 in the U.S. District Court for the Southern District of New York.