Washington

The $10.2 billion is designated for long-term mitigation work to prevent a future recurrence of the damage and to make electrical grid improvements that will withstand future storms.

The U.S. trade deficit narrowed to $47.2 billion in October, the smallest shortfall since May 2018.

Kenneth E. Bentsen Jr., the securities industry trade group's CEO, warned against a proposal to exempt some muni advisors from registering as broker-dealers.

Peter Ireland, an economics professor at Boston College and a member of the Shadow Open Market Committee, discusses why the Fed’s 2019 “reversal” made sense, the economy, low inflation, how referencing a rule could help the Fed with monetary policy, and the biggest challenge facing the central bank. Gary Siegel hosts.

The state should allocate $4 billion, the majority of its 2020 private activity bond allocation, to affordable housing, said the California Housing Consortium.

The Federal Reserve’s banking regulation chief granted that Wall Street may have been right that the agency shares blame in September’s alarming strain in money markets.

The survey of 17 economists found they were split over the next interest rate move by the Federal Reserve.

In a recent Moody's report, analysts said states would be able to weather a moderate recession due to healthy reserves.

The $10,000 limit on the SALT deduction caused an estimated 10.88 million individual taxpayers to lose $323.1 billion in tax deductions for the 2018 tax year.

Some market participants worry about the viability of a key muni advocacy talking point if enough midsize issuers begin to embrace the taxable market.