Washington

Briefs from the U.S. Department of Transportation and the passenger railroad argue that private activity bonds for the Florida project were allocated correctly.

Neal, the most influential advocate for tax-advantaged bonds in Congress, is assured re-election because Republicans are not fielding a candidate in November.

The Fed will have to "pivot from stabilization to accommodation" during the pandemic, Fed governor says.

Both the American Association of State Highway and Transportation Officials and the American Road and Transportation Builders Association among other groups plan to ask Congress to extend existing highway funding for a year.

Rep. Richard Neal was the lead architect of the muni-friendly provisions in the Moving Forward Act which passed the House in July.

Federal Reserve Vice Chair Richard Clarida left open the possibility of employing Treasury yield caps at some point in the future, though he indicated it’s not likely now and reiterated the central bank’s rejection of negative interest rates.

There isn’t any urgency for the Federal Reserve to offer more clarity on how long it will hold interest rates near zero at the moment because investors already understand the central bank won’t be tightening for a while, Minneapolis Fed President Neel Kashkari said.

Federal Reserve Board Chair Jerome Powell announced the group's new policy framework, but didn't explain why it would work.

The Federal Reserve has already given enough guidance about the likely path of interest rates at this juncture and doesn’t need to offer more, Dallas Fed President Robert Kaplan said.

Polling shows President Trump is currently the underdog in nine out of 11 battleground states.