Washington

Facing loss of their tax-exemption under 2017 tax legislation, rural electric and utility cooperatives lobbied for language in the new federal spending bill.

The economy should continue its moderate growth path, inflation may tick up, downside risks seem to have been put at bay by the Federal Reserve, and rates are likely to stay where they are, experts say.

Those who knew her described her as driven and compassionate, crediting her with helping to launch the careers of countless muni professionals.

The agreement includes a $125 million increase in Community Development Block Grants and a $245.5 million increase in grants to state and local law enforcement.

The Federal Reserve should keep interest rates on hold next year, unless there’s a material change in the outlook for the U.S. economy, Dallas Fed President Robert Kaplan said.

Recession fears, which persisted earlier this year, have subsided and Federal Reserve Bank of Boston President Eric Rosengren does not expect a downturn unless a major shock occurs.

A new survey by the National Association of State Budget Officers reports these reserves had a median balance of 7.6% of a state’s general fund in fiscal 2019, compared with 4.7% in fiscal 2007 before the onset of Great Recession in December of that year.

The National Federation of Municipal Analysts has consistently called for steps to reduce investors' reliance on stale financial information.

With markets still digesting Friday’s news, one thing is clear: the Federal Reserve will keep rates steady.

Inflation remains tame, and although the consumer price index has ticked up, producer prices surprised to the downside Thursday.