Washington

Former Fed Chair Janet Yellen referenced a study from the Center on Budget and Policy that suggests the shortfall for just states was $555 billion through 2022. Bernanke agrees.

Both the American Hospital Association and the American Council on Education had urged the Fed to offer nonprofits a lower borrowing rate.

The shroud of uncertainty surrounding further COVID-19 federal rescue aid has many public transit agencies and advocates antsy.

A $9.9 billion emergency bonding bill approved by the Democratic-controlled state legislature Thursday will likely face a legal battle.

Several groups are arguing their case to keep their seats on a smaller board.

Although economic activity increased, an uncertain outlook clouds the future.

New York Federal Reserve President John Williams said the transition away from Libor “continues to be of paramount importance.”

They are pushing the U.S. Senate for up to $36 billion, citing the devastating effects from COVID-19.

The U.S. central bank should consider holding off on raising interest rates until inflation is above its 2% target, Philadelphia Fed President Patrick Harker said.

A top Federal Reserve official is issuing a warning about fast-growing and largely unregulated shadow lenders.