Washington

Whistleblower Johan Rosenberg has alleged that the conspiracy cost issuers over $1 billion — $719 million in California, $349 million in Illinois, and $134 million in Massachusetts.

The clarification allows dozens of otherwise stalled housing projects around the nation to move ahead with financing that includes a combination of tax exempt multifamily PABs and the 4% federal housing tax credit.

The economy looks fundamentally sound, leading Federal Reserve Bank of Philadelphia President Patrick Harker to question the importance of a yield curve inversion.

President Donald Trump intends to nominate Herman Cain for a seat on the Federal Reserve Board, according to people familiar with the matter.

While it is possible that the Federal Reserve’s hiking cycle is complete, but the more likely scenario is rates will go “a bit higher,” Federal Reserve Bank of Cleveland President Loretta Mester said Thursday.

President Trump fired a fresh broadside at the Federal Reserve for raising interest rates last year, saying the economy is in good shape “despite the unnecessary and destructive actions” taken by the central bank.

Sens. Sherrod Brown, D-Ohio, and Ron Wyden, D-Ore., pressed Stephen Moore for details about reports that he owes more than $75,000 in taxes and failed to pay more than $300,000 in alimony and child support.

With the Federal Reserve finished raising interest rates, some yield curve inversions would signal a coming recession, according to Brian Rehling of Wells Fargo Investment Institute.

The IRS audit of the Puerto Rico Municipal Finance Agency's $59 million in 2005 Series B Refunding Bonds is the third IRS audit of tax-advantaged bonds involving the commonwealth announced over the last six weeks.

The SEC now has a stronger card to play when pursuing an enforcement case, lawyers said.