Washington

The Oversight Board has reached an agreement with the Committee of Retirees that makes a flat 8.5% cut to pensions over $1,200 a month and does not change payments to the 61% of current retirees who receive monthly pensions of $1,200 or less.

A judge's decision looms for men accused of bilking the Connecticut Municipal Energy and Electric Cooperative, which got good news from Fitch Ratings last week.

State and local governments and trade groups have until Sept. 13 to submit comments on the 48-page exposure draft GASB released June 13.

More municipalities are turning to local solutions, including P3s and value capture structures.

The White House explored the legality of demoting Federal Reserve Chairman Jerome Powell in February, soon after President Donald Trump talked about firing him, according to people familiar with the matter.

While the markets are pricing in two or three interest rate cuts this year, doubters remain.

Traders are now pricing in a more than 80% chance of a rate cut in July.

Former Fed Vice Chairman Stanley Fischer predicted President Trump won’t renominate Jerome Powell as central bank chair, undercutting the Fed’s autonomy.

A strong economy has resulted in more success for tolled managed lanes than many skeptics anticipated.

President Trump sharply criticized Jerome Powell in an interview aired Friday, blaming the Federal Reserve chairman for raising interest rates.