Washington

State Treasurer Joe Torsella is accusing 14 financial firms of collaborating to illegally inflate the prices of Fannie Mae- and Freddie Mac-issued bonds.

A 2.1% drop in durable goods orders shows businesses are holding off on equipment purchases as trade tensions with China increase.

Infrastructure ranked No. 2 behind only the related issue of economic development as a top priority for mayors during 153 State of the City addresses delivered this year the National League of Cities reported.

J.W. Korth & Co. was found to have charged excessive markups in 38 sales of municipal securities.

Analysts homed in on the phrase “some time” and the absence of rate cut discussion in the minutes of the last Federal Open Market Committee meeting..

The new guidance issued Wednesday under Notice 2019-39 covers, among other things, Tribal Economic Development Bonds and direct-pay Build America Bonds.

Municipal market participants are increasingly skeptical that an infrastructure bill will pass this year.

The latest slip in inflation will likely be short-lived and interest rates could stay where they are “for some time.”

Adding $374 million alleged in New York to the three other cases also filed by Johan Rosenberg brings the total damages claimed to $1.58 billion.

Trade issues with China should end with a deal, leaving the U.S. economy mostly unscathed, the Federal Reserve Bank of Boston president said.